Friday, August 23, 2013



TLT iShares 20+ years Treasure bond Fund ETF    

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Risk Reversal



Risk



Adjust Order One



New Risk Graph



Working


Will Look to sell 20x of the 109 - 111 call spread making two unbalanced condors Covering all of the One Sigma movement.

 (Approx .20 Credit or better)

-10x by +5x puts             and              +10x by -20x calls.







Up Dated

ACTUAL FILL AND FINAL RISK GRAPH

 
Adjusted Risk
 
 
 
 
 
EXITED upside condor
 
 
 Remaining Risk
 
 
 
Closed remaining portion
 

 
 
 End!
 
+10x +0.05 = $50.00
-5x +0.77 = -$385.00
+10x + 0.22 = +220.00
+10x +0.70 = +$700.00
+5x + 0.37 = +$185.00
_______________
 
$770.00