A Morning Run for the Market
Posted on July 1st, 2009 by
Mojo
Well, we are clearly in the summer doldrums. SIGH! Low volumes, weird patterns, and lots of frantic activity in the morning followed by pretty sleepy afternoons. Monday was a nice run up and then ZZZZZ. Tuesday was a nice run down and then ZZZ. I used yesterday’s run down and increase in volatility to lock in the lower strikes on my iron condor for August. Fills were very tough so I ended up having to break my vertical into two separate orders to get filled.
If you are day trading, be sure to stick with the morning activity and then take the afternoon off.
Mojo
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