Thursday, June 11, 2009

06/10 DIA Iron Butterfly

Similarly to MDY, DIA went to my down-side adjustment, then bounced back. I'm leaning negative deltas, and may need to touch up the trade again if we hit the up-side. This is the ending game and my goal is to keep the profits in check.

I've been peeling off spreads to adjust the position, I figure that at this point in the game it is better to take things off the trade than to add to it. Also, I'm looking at my commission costs, if I keep addint spreads/contracts, it will keep on rising my costs, so far, 50% of this profit will be taken by commissions.

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