Thursday, July 9, 2009


Today my IWM position Geeks are
delta=22.78, Gamma=-24.48, Theta=9.01, Vega=-8.76
Here I need more -ve delta to make it delta neutral.
So I need to sell some Call verticals.
But when i checked the chart, it was near the lower band, had a long tail yesterday shows some support and the williams%R is turning upwards, a sign of over sold.
All these points to upward price movement, but overall market is bearish sentiment.
So i am going to wait for a breakout in any direction to make a move.
Looks like a good put spread time. Looked at 43/41 for 0.31 for Aug.
But i have to wait for today for a green chute or williams below 80.



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