06/22 MNX Iron Butterfly

The strongest of the 3! The position took a 1.5 st. deviation beating, it is a fairly new position, with less than 1 week of life. Look at the P&L, it is almost unchanged, in fact, we gained a few bucks since Friday, despite this big drop.

I have adjusted the trade twice:
1) I used a contingent order to sell the Long AUG Call I had, see the pre-opening game plan.
2) At closing, I cut the deltas further and brought it down to 15, my theta is 25, so I am at more than 1:1 ratio.