Friday, June 26, 2009

06/26 MNX Iron Butterfly

Decided to not touch the trade at the end of day. MNX pushed a bit higher, but its 1-hour chart was showing real weakness at the top. As of now, theta:delta ratio is about 1:1, and going into the weekend this will allow profits to accumulate. It will be specially sweeter if we go down on Monday, otherwise I'm ready to hedge the position and keep some of the weekend's profit.

Position's history day-by-day

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