Monday, August 18th

Yuck.

Just gotta say it -- Yuck.  Today was a bad day.

SPY closed out on the yuck-side for us.  In other words, we lost money.  The part that I don't quite understand is that we lost more than our rules allow for.  I guess because there was a gap up between Friday close and today's open that the price of the option just skyrocketed through our stop rule.  Quite frankly, that sucks.

So Iron Condors were doing really well for us.  Now we're at 50/50.  hmmm...  

Looks like IWM is going to close out on the loss side for us as well.  We shall see. 

In the meantime, we're getting back to our rules and focusing on the trend to pick what we do. 

Tonight we have one call options that looks like it'll move the way we want it to -- UNG. 

We're also looking at a put vertical on GM.  Interesting, given the recall news and all that.  But it seems to have started to recover...  in theory.  As I usually say, we'll watch and see.

I'm hoping that the rest of the week is better for us than today was.  It can only get better, right?

Well, tonight is a short and sweet post -- I've got to move on to the next thing on my list.

Happy Monday! (Despite the yuck news of the day.)