Tuesday, January 19, 2010

New Positions 1/19/10

Today I initiated the following new positions:

1) DRYS: Ratio Spread --> Sell -5 Jan '12 7.5 Puts and Buy 10 Jun '10 7 calls @ -1.61

2) YGE : Naked Puts --> Sell -3 Feb '10 14 puts @ -0.70

3) ISRG: Iron Condor --> Sell -1 Feb '10 350/360/280/270 Iron Condor @ -3.25

4) SPX: Iron Condor --> Sell -1 Feb '10 1190/1195/1100/1095 Iron Condor @ -1.25

The ISRG and YGE trade are from IWO, to see notes navigate to the premium section of the blog.

DRYS is another attempt to play this name on a pull back close to support at $6. Further analysis to come later today on the DRYS and SPX trades.

This still leaves me in 73% cash.

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