We are initiating an Iron Condor Trade for the March Cycle
Small Portfolio
-15 RUT MAR11 875C
+15 RUT MAR11 885C
-15 RUT MAR11 720P
+15 RUT MAR11 710P
Net Premiums $1.15 to $1.25
Large Portfolio
-50 RUT MAR11 875C
+50 RUT MAR11 885C
-50 RUT MAR11 720P
+50 RUT MAR11 710P
Net Premiums $1.15 to $1.25
hi richard & ko,
ReplyDeletea couple of questions;
1) it seems like the iron condor for march already had a pretty big move --would you still enter the trade now?
2) i happened to to end up on a very different looking site for you guys (people walking by some trees with bright red foliage)that had a subscription page --is that your new service and are you ready to go? --some parts of the site including the trade (the february trade cycle is shown) don't seem up to date???
thanks
chip
Chip-
ReplyDelete1) If you were to enter the trade now the distribution of credits will be skewed, with 3x more credits on the call than the put. The key to this business is discpline and patience. So, I will suggest you wait for the next cycle. We are planning on starting supplemental trades sometime during the next cycle, so in case some folks miss the initial trade, then they can put up the supplemntal trade.
2) Chip you are right "updownfinance.com" is our site in development, we hope to finalize it in two weeks. By the way what do you think of the site? Any commnets and feedback will be greatly appreciated. Thanks.