Saturday, April 9, 2011

Legging in to IWM


  1. Trade Update: Haven't done anything else with this position, but today have placed a GTC limit order to buy to close the spread for 5 cents. I just picked 5 cents as a compromise between my desire to let a good trade continue to work versus taking the risk off the table. If the order hits sometime this week that is fine, if not I'll reassess next week but not spend much time thinking about this position this week unless we get a huge rally in IWM.

  2. Trade update: Order to close filled this morning so this trade is finished for a gain of 18 cents.