AAPL/RUT Condor
Written by TripleSigma
This way we can have a market neutral trade, but with a bullish bias and bearish bias on two different underylyings.
The disadvantage of this is that it costs twice the margin (Not an issue in a portfolio margin account) but the bigger disadvantage is you could lose on both sides (but this means you have done a poor job of selecting your direction).
Here is example trade I have with a bull put spread on AAPL and a Bear Call Spread on RUT.
I find that this is a good idea with selling naked calls and puts as well.
Market Indices
▼9.45 (-0.89%) 1,056.74
▼103.84 (-1.04%) 9,908.39
▼15.07 (-0.70%) 2,126.05
Recent Entries
08 February 2010
Last week unfolded just as expected as we got a head fake early on that stalled perfectly in the 1100 area on the SPX. Stocks then completely collapsed into the end of the week before reversing...
- 05 February 2010 RUT Calendar Update 2-5
- 02 February 2010 RUT Calendar Update 2-1
- 01 February 2010 Weekly Outlook 2/1
- 27 January 2010 RUT Calendar Update 1-26
- 25 January 2010 Weekly Outlook 1/25
- 21 January 2010 RUT Calendar Double-Double
- 20 January 2010 The OBB
- 19 January 2010 Weekly Outlook 1/19
- 16 January 2010 RUT Calendar Update 1-15
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