THINKING BACK ON EVERYTHING

March 24, 2010 in Ideas & Strategies

I FIGURED OUT THIS AFTERNOON HOW TO USE THINKORSWIM’S THINKBACK FEATURE. I HAVE RUN 20 ODD STRANGLES ON SOME OF MY FAVS. ONLY ONE EXPIRED AT A LOSS. ALL OTHERS EXPIRED WORTHLESS RETAINING ENTIRE PREMIUM COLLECTED. ALL SO FAR GAVE THE OPPORTUNITY WITH IN 4 DAYS TO 3 WEEKS TO EXIT WITH HALF PREMIUM COLLECTED ON 10ISH DELTAS. I WILL SPEND TOMORROW WORKING THROUGH AS MANY OF THESE AS MY STAMINA WILL ALLOW ON AS MANY DIF UNDERLYINGS AND UNDER AS MANY DIF TRENDS AS I CAN. BUT THIS IS BOTH VERY PROMISING AND INDICATIVE THAT THE AFOREMENTIONED EXIT STRATEGIES/CONSIDERATIONS MAY BE MOOT. IT STANDS TO REASON AND THESE INDICATIONS ARE THAT IT MAY BE BETTER TO SIMPLY PUT A GRACIOUS BUT RESPONSIBLE STOP IN PLACE (I’D SAY MIKE DREWS 1.5 TIMES PREMIUM COLLECTED) AND ALLOW THESE THINGS TO DO WHAT THEY DO AND EXIT AT HALF PROFIT TAKING AND MOVE ON TO THE NEXT POSITION. I’LL WORK THIS THROUGH MUCH MORE TOMORROW TO CONFIRM. BUT RIGHT NOW THOSE ARE THE INDICATIONS OF WHERE THIS STRATEGY IS HEADING.

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