Paper Trade 1 (Week 3) (Part 1)

Yesterday Avg IV spiked about 1.8%. Being a Thursday, this meets the criteria defined here for a weekly IBF trade.

On 9/25/14, I sold 10*1140/1110/1110/1070 IBFs. MR is $19,730. Credit received was $20.71.

Profit target is $1,973 with max loss $2,959.

For T+1, max loss points are roughly 1090 and 1132.

I will monitor this way every day to see if max loss points are hit.

One concern I have is that this is the first trade in nearly two months. Perhaps I should backtest this every week to see if waiting for a higher volatility condition really makes a significant difference.