I opened a OEX Condor with weekly options today. The Condor trades will help balance the Vega of the PCCRC trades I have as they are short Vega. The plan is to close one side if the breakeven point is reached which is 480 and 515. So the risk is about 15% and reward is about 10% if it expires within the range.
Monday, February 1, 2010
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