Wednesday, September 16, 2009

October Positions

I finally got my last October spread to open executed today. So here are my positions for October expiry:

9/11 Sold $SPY Iron Condor 99/101/107/109 @ 1.07 credit
9/3 Bought $SPY Double Diagonal Oct/Nov 92/93/106/107 @ 1.74 debit
9/16 Bought $QQQQ 1-month Calendar Oct/Nov 42 Puts @ .60 debit
9/3 Bought $DIA Butterfly 87/93/99 Calls @ 1.91 debit

I'm still maintaining a 3-month campaign calendar (Sep/Dec 39 calls) initiated on August 10 @ 1.17, which will be counted towards November expiry. I've already rolled the short sept options into Oct for a .52 credit. On 9/16, I made an adjustment, adding an Oct/Dec 42 Call spread @ .93 debit.

On Sept. 15, I entered into a 3-month campaign calender (Oct/Jan Puts) @ 1.30 debit, which will be counted towards December expiry.

Thoughts:

This month, I've already made one adjustment, and as the market continues to rally, more adjustments will be necessary. It is becoming obvious to me that this month will be nothing like the last, where NO adjustments were necessary. Will be interesting to see how it plays out.

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