Wednesday, September 05, 2007
Due to continuing market volatility the usual SPX condor was not placed. Instead a double diagonal on Whirlpool
SELL the September 2007 WHR 100 Call option and BUY the October 2007 WHR 110 Call option and SELL the September 2007 WHR 90 Put option and BUY the October 2007 WHR 80 Put option for a net credit of $0.55.
Green zone between $89 and $101
A succesful $10,000 will make you in the region of $1,600 if play finishes in the green zone.
Result: WHR hit our stop loss and we rolled the trade into an October Condor for no loss.
SELL the September 2007 WHR 100 Call option and BUY the October 2007 WHR 110 Call option and SELL the September 2007 WHR 90 Put option and BUY the October 2007 WHR 80 Put option for a net credit of $0.55.
Green zone between $89 and $101
A succesful $10,000 will make you in the region of $1,600 if play finishes in the green zone.
Result: WHR hit our stop loss and we rolled the trade into an October Condor for no loss.
# posted by Paul @ 10:31 AM
