Update 3/17/10

Monthly SPX IC

SPX continued to move up today and I made an adjustment by buying an APR 1200 C for 4.90. The position is down 14%.

OEX 2.5 Day IC

I opened a 2.5 day IC in OEX today with short strikes at 525 and 545 for a credit of 0.35. The position was down 0.5% today but OEX is in the center of the risk graph right now.

AAPL PCCRC

I made several adjustments to the AAPL position today including rolling the shorts to Apr and rolling a long call to the 220 strike.  Here is the prior position:

This shows the position after rolling to April:

Note the leftward sloping current time line above. Adding the long call roll to the 220 strike levels that out and  makes the downside part of the graph look much better:

The AAPL position was up 1% today and down 8% overall.

CREE PCCRC

No adjustments for CREE, and the position was flat, still up 24%.