Back in Black

OEX 2 Day IC

I opened a 1 1/2 day Iron Condor today in OEX around 11 AM when it was at 495, but I made a mistake in one of the strikes. The condor is a 475/485/505/510 for 0.80 credit expiring tomorrow. The long put was supposed to be at 480 and I didn't notice it when I was analyzing the trade because the green p/l line is so faint in TOS when using the metal background. So I have switched back to the black background in TOS. I looked at trying to fix the trade but it didn't make sense so I left it as is. OEX closed at 490 so it is 5 points from the short Put strike. If it hits 484.2 or 505.8 I will close the threatened side. If it expires in the profit zone it will make 8.7%. Today's down move in OEX caused a 4% loss in this position.

SPX Monthly Iron Condor

SPX was down 34 points today which was the right direction but a little farther than the center point of the position. The rise in IV also hurt causing a 7% loss on the day and a 9% loss overall. Once things calm down this position should recover quickly as it is 43 points from the nearest short.

FDO PCCRC

The FDO position was the only position that made money today up 3%. The stock only moved .16 but the rise in volatility caused the paper profit.

OEX Weekly Iron Condor

OEX moved to within 10 points of the short strike after being 10 points from the long strike yesterday. With 1 day left this trade is in good shape despite losing 1% today.

AAPL PCCRC

AAPL dropped 7 points today but the PCCRC position only lost 3%. Hopefully it will bounce back upward in the next 8 days before adjustment.

CREE PCCRC

The CREE position was down 4% after the stock dropped to 55.64. Overall it is up 7% still with 8 days before rolling out to March.