Sunday, January 11, 2009

Time for iron condors again?


Lately I have been trying to make bearish trades and the market has been going up in the short-term. I do not feel confident in this trends continuing long enough to even put on a short-term bullish trade.
The RUT & IWM look like they have been going more sideways for the last 3 months. So perhaps Iron Condors will work again.
I am putting in a very small order for the morning for IWM ICs with a $3 spread on each wing for $0.50 credit.
IWM FEB09 56C/59C/37P/34P $0.50 credit

Max Loss Exit if $1.00 to close.

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