Wednesday, January 6, 2010

With Condors, "Keep the Ball in Play"


Iron Condors are an Option Spread that Buys Time for Profit - Just Mind the Store

Paper Profit of $886.00 with a $20 loss due to decreased Volatility - Still on Target for Bigger Gains - Theta is now 45.00 (Is that Greek?  Yes!) - You have to study Greek to Trade Options.

Monthly Pivots show the Condor on track to hit 115.00 by Expiration.

VIX (Volatility Index) is at a 6 Month Low - This is Bullish!