Thursday, November 22, 2012

$CF condor

stock held the 200 day like a champ, about that time i sold the 170/175 credit put spreads, stock now comfortably higher. as it moved higher i condored the position with the 220/225 credit call spreads.. if putting those on today i would keep the strikes above the all time higher but at the time i was wanting to stay above the 50day moving average..if the stock continues to rally , especially crossing the 50day, i will consider taking profits in the credit put spreads and rolling them up to higher strikes for some added premium, but still staying at/below the 200day.

1 comment:

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