Wednesday, September 26, 2012

Rolling down of IYR Diagonal Spread

As market weakens, IYR fell quickly. Since general market started rolling down for a few days only, there is some potential for it to go down further. Rolled Oct$66c to Oct$64c(delta=0.56) with a credit of $0.92. The new short delta overall is 0.37. This reflects my short term bearish posture.

Created with ProphetCharts®

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