New 2.5 Day IC Threatened

OEX 2.5 Day IC

I opened a 2.5 day IC in OEX yesterday around midday. The IC received a 0.30 credit and the short strikes are at 520 and 495. Today the downside was threatened early in the day and the position was showing a significant loss. The stop point was not hit, however, and at the end of the day the overall position was up 5%. It will take a greater than 1 sigma move tomorrow to keep from reaching the maximum profit on this position.

RUT Iron Fly

The move down by the market in the morning helped the RUT position, but by the end of the day the market was only down a small amount and the RUT fly was up a small amount. It ended up 1% on the day and down 9% overall.

HAS PCCRC

The HAS position took a turn for the worse today ending up down 6% on the day. HAS was up 0.32 but the culprit was falling IV which dropped more than 3% on the longs. The position is down 6% overall also.

FDO PCCRC

FDO was down 25 cents today and the position gained 3%. Overall it is down 6%.

AAPL PCCRC

AAPL rebounded from earlier losses today to end up 1.34. The PCCRC was up 0.3% and is down 7% overall.

CREE PCCRC

CREE continues to do well and the position was up 5% today while CREE 1.21 to near 67. Overall the position is up 27%.