One Down One to Go

I bought back the iron condor in BABA today for 0.38 from 0.75, making a profit of 50%, my usual take-off point. Awesome.

Now just the SPY (and VIX) remain. Well, volatility has taken the stairs down so to speak, but because it isn't falling faster than the price of SPY is rising, the position is still down.

I think after the Fed meeting, regardless of what they say, vol will come in. If the markets jump I'll be in for some heat but if not, I should be heading back to even on the position.

The decision is Thursday ... see ya then!