Today was a great day, we had a down-day and the being slightly delta-negative paid off on all my Iron Butterflies.
For the MNX Iron Butterfly we have reached the 12% ROI mark, and I'm working my way out of the trade. Note one have to be smart about this, taking too many spreads out of the table can expose you to unwanted delta risk
For both the RUT and SPX, we're back at B/E and still some time to go. I imagine RUT and SPX will be positions that I'll have to hold until the very final days of expiration, let's see how it goes.
Detailed positions:
06/30 RUT Iron Butterfly
06/30 SPX Iron Butterfly
06/30 MNX Iron Butterfly
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