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No. of Recommendations: 5
<<How did your spreads do yesterday?>>

Hi Steve,

Bullish spreads lost money

Bearish spreads made money

Index calendars made money

Index iron condors lost money

Straddles made money.

The large increase in implied volatility helped my calendar spreads and straddles since both types of trade are vega positive.

My options portfolio was up 0.02% on the day. Not great, but better than a long-only stock portfolio!

Jim

P.S. I'm considering taking bullish positions in Marvell Technology, Jabil Circuit, and optionsXpress. Two of the three (MRVL, JBL) have accounting problems, so my position size would be 2% max.



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