Friday, September 5, 2008
Going Live
I have funded my brokerage account (thinkorswim.com) - let me know if you want discounted commissions of $1.50/contract w/ no ticket charge. Used the last couple of down days with the inflated IV to trade a great Bull Put Spread. Sold the Oct 08 640 Put and Bought the Oct 08 630 Put for a net credit of $150 on capital risked of $1000. Once we have a decent up move I will put on a Bear Call Spread to take advantage of the free margin and juice up my return. Looking for a max profit of 20-30%... Current P&L for the day is up $35. Net Delta is around 3, placed trade with RVX close to 29%
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