Update 3/24/10

The updates may be sporadic over the next 2 weeks due to vacation time. I have opened 2 trades since last Friday.

WSM PCCRC

After a good earnings announcement on Monday, I opened a PCCRC in WSM. The only criteria it failed was the price was <30, but that criteria is mainly to keep commissions down. I was filled at 8.30 debit for the Apr/Aug 25 strike and so far the trade has hovered near breakeven.

OEX 2.5 Day IC

I opened an IC in OEX today and got a good fill of 0.30 on TOS (mid was 0.25 right after the fill). The short strikes are at 525 and 545 and the trade was up 2% today with OEX staying nearly centered at 534.44.

RUT IC

With the drop in the market today the RUT IC was up 1% and is up 3% overall.

SPX IC

The SPX IC benefited the most from the market fall today, although this trade will be lucky to reach breakeven. Today the position was up 8% and overall it is down 11%.

CREE PCCRC

Both CREE and AAPL's earnings are scheduled to be after the market on April 21. So that is after this month's shorts expiration. I will have to look closely at the position before deciding whether to roll to May, which would only be for a few days, but that may be beneficial depending on what happens to IV between now and then. Today the CREE position lost 1% and is up 20% overall.

AAPL PCCRC

The AAPL position finally had a good day and was up 2%, however it is still down 9% overall.