Saturday, May 8, 2010

Weekly Update 5/8/10

RUT IC
Friday I gave the market a little time to settle out but after the initial drop, recovery, and second drop below the short put strike I decided to adjust the position. I could have increased the risk and stayed in the trade but with the current market conditions I was not comfortable with a short put at 620, even with 14 days to expiration. So I closed the entire position and took the loss.

OEX IC
Similar story on the OEX, I waited while OEX rose to 515, but when it went back below the short put strike at 510, I closed the position for a loss.

WHR PCCRC
The PCCRCs did well again Friday, with the WHR position gaining 1% and is up 16% overall.


TPX PCCRC
The TPX PCCRC was flat Friday and is up 9% overall.



CTXS PCCRC
The CTXS position was up 6% Friday and is up 14% overall.




No comments:

Trade Updates

    follow me on Twitter