Recent content by BHAM_TRADER

Goes along side my RUT direction and why I picked the strikes that I did.

I finished closing down my Condor on all sides mostly on the open then finished over the next hour. Once July was closed I started opening up my Aug. RUT short 800 and 630 for a credit of 2.10. The July condor 'net' was 13% in just over 35 days. My current Risk is 790 and Reward is 210...

I currently have orders in to close each leg for .30 to .32 Looking to close early with a larger % time frame return. Also, there is a point where I have more 'risk' for little return riding that last few weeks.

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John, Using Prophet charts, look for the 'bug looking' symbol at the lower left of the chart. Click it to resize the chart. I like a certain amount of credit with my condors. If I don't take in enough credit any major move will spike the options chain. This would put me in the red quicker...

I started buying back my lower spread this past week. I now have about 3 lower spreads for every 4 on the top. I was able to buy back the lower spreads for about $30(.30) to $35(.35). That is how I play these condors. I see Thursday and Fridays price action in the market as a pivot point in...

I would expect nothing less. Price is king!

Real is what you make it! Glass half full/empty..Numbers don't lie or have emotions but people do.

Very True! Hence I said I would follow up with my results in this thread.

Having the balls to follow your own analysis also keeps me in my trades. Having the ability to understand what will happen 'when' will also keep me in a trade and when to take action. I've attached the data chart for my RUT July condor. I also use this to understand what happens my P/L will see.

I also agree to some degree, So I don't always play them or leg in. I also will use futures and Forex as a hedge. I don't fly blind with these but I do have rules. There are no limits in the market besides the one you set for yourself. I will make sure to post my results in July in this...

My shorts are 800 and 630 for a 25% Return in 66 days. Looking good so far. My current delta is -15.93. The attached is just once Condor as a reference.

Don't laugh, This happened with one of my kids when he was 3. The area was about 6x8 ft. One of the wildest things that ever happened. Not going into details..........

Since I have started spread trading my account has grown at an even consistent pace. I LOVE long weekends. OIH, RUT and BBH have been my best IC and plain spread plays every month.

I don't know how many of you have kids at home but having a office to do business at sure keeps my eye on the trade. I spread trade so planning and getting in with the best credit just means waiting around sometimes. Once the trade is placed I'm just watching paint dry and the front month...