My Trading > My Trading Journal > January 23, 2012

My Trading Journal

January 23, 2012

6:00 pm (PST)

I got out of the rest of my SCHW spread at 0.03.

Since XHB is up near its highs and I only had a small position, I wrote a 20/21 call spread to add to my 19/20 call spread. I tried to do 200 but only got filled on 50. Since I already have a 19/20 call spread written (a 200-lot), this had the effect of turning 50 of my 200-lot from a 1-point spread (19/20) into a 2-point spread (19/21).

The XHB has been so strong lately that I think that it probably won't drop too much even though it is overbought. So I wrote put spreads on it and turned my call spraeds into an iron condor.

My trades today:

  • Bought to close 199 SCH February 10/9 put spread at 0.03
  • Sold to open 50 XHB February 20/21 call spread at 0.15
  • Sold to open 200 XHB February 16/17 put spread at 0.08
  • Sold to open 50 XHB February 15/17 put spread at 0.12
TLT was down about 75 cents today to 16.24, although it was also about 75 cents off its low. I would prefer if TLT came back up a point or 2 because I don't want the bond market to drop since so many people seem to be anticipating it. This would make it easier for the drop to gain momentum.

GOOG was even today.

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