MAR iwm condor (+11%) $51

2/19/08
sold -3 condors in IWM
64/62 PUT @.24
76/78 CALL @.24
.48 credit 1.52 margin

2/28/08
took off trade for .31 debit
+ .17 gain per contract = $51
11% gain
trading plan:
you are only in this trade for 7-17 days, once you have 10%+ you start tightening the noose, taking profits. Max loss 15-16%. You are taking in more theta, faster, in this trade vs. the high prob condor discussed here.
Adjustment: (specific criteria with 5 contracts on) Max risk 15% don't loose more than this. Taking profits at 12-15% of margin, protect profits.
with 5 contracts on, when down 11-12% of the margin/risk, take off 40% or 2 of the loosing side. When it gets to the short strike take off another 40% or another 2, then the other 1 when your down more. this will protect you when the market runs then backs off. were trying to stay in the game, don't want to get shaken out of the game.

X1 QQQQ MAR inventories (+1.07)

DEC-FEB credits, total reduction in cost basis is equal to 3.90

2/13/08
bot +2 MAR/APR 41/43 PUT Diagonal @0.94 debit (mark 44.50)
3/04/08
sold -1 for 1.46 (mark 42.19)
gain of +0.52 (1 contract)
sold -1 for 1.49 (mark 42.09)
gain of +0.55 (1contract)

2/15/08
sold -1 PUT vertical 40/37 for .29 credit
3/04/08
bot +1 for 0.30
flat
MAR INVENTORIES YEILD ANOTHER +1.07 TO ADD TO THE ALREADY 3.90 OF CREDITS FROM DEC-FEB....NEW TOTAL CREDITS FOR DEC-MAR = +4.97

FEB bidu butterfly

bot +2 PUT butterflies 240/230/220 @.73 debit (mark 257.95)
bot +1 CALL butterfly 260/270/280 @1.05 debit
butterly strangle of sorts, play on earnings.
Will be interesting flat delta and vega with + 17 theta going into earnings.
Expiration in 2 days.

2/15/08
had to close it down on expiration for a loss, finished up in the middle of my money pyramids. Realized about a 50% loss.
Theta and vega did work for me but only if price was in my 2 profit ranges...
I would try this trade again!

MAR/APR spy condor/diag (+16%) +$221

2/07/08
bot +1 SPY Diag. -MAR/+APR put -130/+133 @2.33 debit
3/04/08
sold -1 for 3.10
net credit +0.77 (+33%) +$77

2/11/08
sold a ratio condor on SPY for MAR
sold -4 MAR 120/117 PUT @0.33 (2.67 margin X 4)
sold -2 MAR 145/148 CAL @0.32 (2.68 margin X 2)
total risk to the downside is $1,000 to the upside $400
but need to factor in the DIAG trade which softens the downside and diversifies the vega of the overall trade.
Will put an alarm on 142.50 as 145 will need to be an adjustment point.

2/26/08
btc +4 MAR 120/117 PUT @ .08
net credit = +.25 (4 contracts) +$100 / +9%

2/29/08
btc +2 MAR 145/148 CALL vertical @.10 (mark 134.56)
net credit = +.22 (2 contracts) +$44 / +8%