06/18 MNX Iron Butterfly

I was watching Dan's session Today, and asked about cutting deltas when they start to become twice as big as the theta, he indicated it to be a good idea. Dan's plan to avoid touching the position on its first week applies mostly to Indexes, this ETF trade has a high gamma, so I may need to act on it sooner if it moves.

I just love how quickly these trades build up profit. Look at it, almost as much as the SPY Double Diagonal, the DD has been there for almost 3 weeks, this thing has been here for 3 days!