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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