As market continues to show bullish signs, IYR rose steadily in the last week or so. I added another quarter position size to my IYR diaogonal spread holdings on Jan 2, after the big breakout. It doubled my position size on IYR since end of November, 2012. Now the Jan$66c has delta over 0.65, so I rolled it out to Feb$68c. I did not create any naked IYR position yet, due to the overbought condition. I'm looking for a pullback to close some short positions if market offers me a chance.
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