Thursday, October 18, 2012

Roling up IYR diagonal

IYR seems to have bottomed in the last 3 weeks. It jumped today and the delta of Nov$64c reached 0.7. So I rolled up to Nov$67c of delta 0.15. The overal short delta for my IYR positions is about 0.35 now, in alignment with changed bullish posture for it.

If market confirms the bullish projection, I'll add more IYR bullish positions next week.

Created with ProphetCharts®

No comments:

Post a Comment