April 2011
My recent trades SOLD IRON CONDOR WMT 100 MAY 11 55/57.5/52.5/50 CALL/PUT @.71 CBOEMARK=54.74
sold SOLD DE 100 MAY 11 92.5 PUT @1.20 CBOEMARK=96.27 IMPL VOL=28.99%
Reason for WMT trade: WMT has been in a range bound market and it was pressing up against the monthly R1 level. Historically WMT has a pullback when it hits the R1 level.
DE has support at the 50SMA. The market is very bullish.
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