Earnings trade. AAPL May 540P/550P/675C/685C 10-wide iron condor (short gamma) at a 6.00 risk (4.00 fill).
I'm out of ISRG. Originally at a $1000 profit, slippage and stock's swift rise caused a -$300 loss. It's a pain in IB to quickly close orders... I wish it were more like ThinkOrSwim. Closed BIDU as well. WAsn't worth holding on to it. I won't smack myself if it rises now. I've had a rough couple weeks. Quite a few losses.
It happens. As long as your still standing without any serious impairment to your ability to the next trade, you are okay.
Yea, not like it's my career... just a really cool hobby that I take seriously... But that dont mean I'm not gonna screw it up... i could eventually learn to make consistently good returns... Like Nas says.. <iframe width="560" height="315" src="http://www.youtube.com/embed/eUqLGRMrFAg" frameborder="0" allowfullscreen></iframe> Lol, I was 15 something... just been dumped when this came out. I wanted to get over the b$#@ so bad by showing her I was good at pretty much everything else, I'd listen to this night and day... good times! ok, back to elitetrader
The flies still look good in May. Vol still has to come in. I have a small position in the May 550-610 fly from 8.00 risk.
_______________________________________________ I sold out of this trade early because statistics over the last 15 years favor a bullish expiration week (updated excel results). However, I will mention that the last 2 trades before this trade (dated 4/11/2012 and 4/13/2012), both hit there profit goals that I had originally posted for them within the next 2 days. I am having a hard time with conviction and discipline since taking those multiple losses in the first week of this month. Losses always make me doubtful and gun shy for a while after, but eventually this too will pass.