On 5/8/08 I entered the trade as follows:
SOLD IRON CONDOR DVN JUN 08 115/130/120/105 CALL/PUT @11.50 credit
Today, I am done with the trade as volatility has crushed and it is starting to upturn:
BOT IRON CONDOR DVN 100 JUN 08 115/130/120/105 CALL/PUT @11.30 debit
(11.50-11.30)/(15-11.50) risk= 5.7% ROI profit in 13 days
Showing posts with label Butterflies- Iron. Show all posts
Showing posts with label Butterflies- Iron. Show all posts
Wednesday, May 21, 2008
Thursday, May 8, 2008
OPEN: DVN, POT, AAPL, GS, IBM, LFC
Today I placed several trades with my trade group:
DVN Iron Butterfly (post earnings)
Jun 115 call
Jun 130 call
Jun 120 put
Total credit= $11.50
Exit on volatility crush
POT Naked Put
Jun 170 put for credit of $4.80
AAPL Naked Put
Jun 170 put for credit of $4.00
GS Naked Put
Jun 175 put for credit of $5.00
IBM Long Call
Jun 125 Call for debit of $3.40
No stop loss but sized for maximum loss
LFC Bull Put Spread
Jun 57.5/55 puts for credit of $0.62
DVN Iron Butterfly (post earnings)
Jun 115 call
Jun 130 call
Jun 120 put
Total credit= $11.50
Exit on volatility crush
POT Naked Put
Jun 170 put for credit of $4.80
AAPL Naked Put
Jun 170 put for credit of $4.00
GS Naked Put
Jun 175 put for credit of $5.00
IBM Long Call
Jun 125 Call for debit of $3.40
No stop loss but sized for maximum loss
LFC Bull Put Spread
Jun 57.5/55 puts for credit of $0.62
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