Close: SGR (Shaw Group) +9.70

My first Iron Condor worked out pretty well. I sized small and took my close this morning.

Opening credit:6.29 Closing debit: -5.93 Profit: 0.36 Percent: 9.70%
Since the spread between my strikes was 10, take that minus the opening credit is my margin at risk. .36 on 3.71 is almost 10%.

MdrNate

This entry was written by Mr Nate and posted on Monday, April 14, 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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