First Trade in New Job!

Yesterday marked my first day of trading in the new position. For my first trade I sold an Iron Condor on RBOB

I sold 31.96/2.00/1.80/1.76 October Iron Condors. These options expire on 9-27-10, leaving about 35 days to expiration. I collected .0215 from the sale. The multiplier on the RBOB contract is 42,000 gallons. So I collected a total of $2,709 on a risk of $5,040, or 54% on risk.

I profit on this trade in the range of 1.7785-1.9815, a 20ct range.

I will keep you posted.

Comments

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