Excellent week! Almost delta neutral.

Posted on November 3rd, 2006 by PokerOption.
Categories: Make a Fortune Option Trading System, Update Analysis.

Our delta is at -2.38. That means we are near our optimal point (0 delta). The risk EV of the Nov position has shrunk to $161.11. The Dec risk EV is at $190.41 for a total of $353.52. We are only using up a little over half of our allowed risk, $669.16. That means we are at a very safe point and will most likely have winning positions for the rest of Nov and Dec.

The down side to having very safe positions is that we will not be maximizing our reward. But after suffering from our first loss of the season last month, it is probably best to slow things down and refocus on minimizing risk before we start trying to maximize profits again.

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