Adjust: MO (Altria Group)

Another day another adjustment. This MO trade has just been a bear. This time I'm adding a leg on my calendar.

I added equal contracts of 75 Put Apr/May Calendar. This adjusted my delta to keep it more neutral. This also lowered my vega exposure.

3/27/08 Put Calendar Apr / May 75, cb= -.68

MdrNate

This entry was written by Mr Nate and posted on Friday, March 28, 2008 and filed under Bookmark the permalink . Follow any comments here with the RSS feed for this post . Post a comment ( in a new window )  

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Mr Nate
27 year old real estate investor. I'm a veteran house flipper with over 200 deals flipped, wholesaled, assigned or otherwise acquired. I've been a long time friend and student of Mojo (www.insanemoney.com) and am following his blog and teachings about stocks. This will serve primarily as my trade journal and I'll also be adding video tutorials and helpful information for other stock traders.
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