Update 3/15/10

Monthly SPX IC

With the market down today the SPX IC gained back about half of the losses and was up 3% on the day, down 3% overall. The plan is to make an adjustment if SPX hits around 1160 and to close at a profit level around 12%.

AAPL PCCRC

The AAPL position was down another 2% today. I still haven't decided whether or not to roll the shorts to April. My rule says do not roll if the position is a loser, but I do not see much additional risk if I do roll, and there is a good chance IV will pick up in April with earnings coming.

CREE PCCRC

I rolled the CREE shorts from Mar to Apr today getting $1.15 credit. This reduces the overall risk on the position which was down today, but is up 24% overall. I also had an order in to roll another long call from 60 to 75 to reduce the downside risk, but it did not fill.

Monthly RUT IC

I put an order in for a monthly IC in RUT (Apr) today, but I did not get filled at my limit price. I will try again tomorrow.