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Thursday, September 2, 2010
Futures look flat
First half of the trading day might be a good time for an Iron Condor trade on the weekly SPY.
I think an IC trade on the weekly SPY (expiring this week) poses some risk given the release of Unemployment Report early in the morning. Maybe we'll settle for a smaller percentage return for this week (3-5%) on the weeklies once we evaluate the markets reaction upon release of the report.
I think an IC trade on the weekly SPY (expiring this week) poses some risk given the release of Unemployment Report early in the morning. Maybe we'll settle for a smaller percentage return for this week (3-5%) on the weeklies once we evaluate the markets reaction upon release of the report.
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