New Monthly IC in SPX

IV stayed low in OEX options and I was again unable to fill a short-term IC with a reasonable credit, so I will not be trading one this week. I was able to get a good fill on a monthly IC in SPX by breaking the order into individual pieces.

Monthly RUT Iron Butterfly

The monthly RUT Iron Fly lost a little more today as the RUT was up 4.49 to 629.32. It is pushing against the point where I will add a hedge (shown in the picture below), and it may happen tomorrow. The position lost 1% today and is down 7% overall.

Monthly SPX Iron Condor

I opened a 1165/1150/1035/1020 IC in SPX today for 3.8 credit. SPX was near 1101 at the time but closed up 7.24 to 1106.75. The position managed to gain 2.5% today, which is unusual for the opening day of an IC and I attribute that to the good fill I got legging in. 

HAS PCCRC

The HAS PCCRC lost 2% today and is up 2% overall. IV dropped almost 1% in the longs causing the loss.

FDO PCCRC

FDO was flat today and the position was unchanged, so I won't post a new risk graph.

AAPL PCCRC

AAPL was pretty flat also up 0.38 to 202.93. The position gained $10 and is down 3% overall. IV was down a point on the day and the risk graph still does not look great.

CREE PCCRC

The CREE position had a second consecutive losing day, albeit small at 0.5%. Overall it is still up 20% and CREE moved up over 65. The only adjustment that would lock in profits at this price level is to close the position, so I will let it run unless it bleeds a bit more. If it keeps going higher I can sell a long call or roll one to a higher strike to capture some of the gains.