February 11, 2009

Feb 11th

I entered the March butterfly around 11:30AM - I wasn't hard pressed to get filled today, although I would like to get filled before Friday morning - taking into consideration the long weekend we are getting.

I entered the order @ $9.45 and after a couple of minutes had a good fill - always a good feeling to start with a good fill.

I have hold off on buying an extra call to half the original deltas from approx 16 to the 5-8 region. I have alerts in to warning me if the RUT moves over today's high. That will trigger me to buy some extra calls to reduce the overall deltas.

2009-02-11-Analyze


Feb 11, 2009 4:15:11 PM

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Ernst Tanaka

Successful Option Trader (for own account); interested in associating with a professional group of traders, trading for a fund or OPM.

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