Looking at the graph, I like where we can be on Monday. I'll have orders to cut deltas if we start moving wildly, but expect to be profitable on Monday, likely at 10% if we end Monday without any major movement.
Position's history day-by-day:Thursday, July 2, 2009
07/02 RUT Iron Butterfly
At the final hour, my goal was to increase theta and cut some of my vega risk. Should we keep going down, I don't want to get hurt too badly by increasing volatility. The answer was adding a small calendar I purchased 2x JUL/AUG 490 CALL calendars. I almot bought the 490 PUTS, but I already had short 490 and was afraid of getting confused when it is time to exit the position.
Looking at the graph, I like where we can be on Monday. I'll have orders to cut deltas if we start moving wildly, but expect to be profitable on Monday, likely at 10% if we end Monday without any major movement.
Position's history day-by-day:
Looking at the graph, I like where we can be on Monday. I'll have orders to cut deltas if we start moving wildly, but expect to be profitable on Monday, likely at 10% if we end Monday without any major movement.
Position's history day-by-day:
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