Monday, January 09, 2006

Options Trade - 01/09/06

I entered into three iron condor positions today:

RUT FEB06 650/660/740/750 for a credit of $2.10 per contract
SPX FEB06 1230/1235/1335/1340 for a credit of $.90 per contract
XEO FEB06 560/565/605/610 for a credit of $1.00 per contract

each positon has a profit potential of 20% gain if OTM by expiration.

Option trade update:

The RUT JAN06 Iron condors I entered in Dec '05 have been closed out for a $1.50 profit per contract. 15% gain for each position.

No forex trade ideas right now. I don't really like trading on mondays plus there aren't any significant reports coming out today. We'll see what happens tomorrow!


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