06/29 MNX Iron Butterfly

I almost cut my deltas at 149 Today, was thinking about doing that when MNX was trading at 147 (first hour of the day). I even posted an adjustment in twitter and the blog. After spending some time thinking about it, I decided to stick with Friday's plan. As it turns out, MNX went to 149 and backed off to 138.3. At the end of the day all I had to do was bring the delta back in line with my theta. I still have orders to cut the delta if we're at 149.50.

I'm looking forward to some down-side movement so I can cash in the trade. The sooner the better.

Position's history day-by-day

• 06/26 MNX Iron Butterfly
• 06/25 MNX Iron Butterfly
• 06/24 MNX Iron Butterfly
• 06/23 MNX Iron Butterfly
• 06/22 SPX Iron Butterfly
• 06/19 MNX Iron Butterfly
• 06/18 MNX Iron Butterfly
• 06/17 MNX Iron Butterfly
• 06/16 MNX Iron Butterfly *New*