07/02 SPX Iron Butterfly

I added a calendar to reduce my vega risk and increase the theta. At first I thought about selling CALL vertical spreads, but then realized my vega would be pretty big, so went for the calendars.

I have to say, managing this SPX is harder by the fact that the P&L estimates stays a moving target. At the closing it was running between up $100 to down $200.. I guess the dice was rolled once again and it shows I'm down $200 Today. This is quite different from what I see on my RUT or MNX positions, they were maneagleable and the P&L oscilations were not this wide.

Position's history day-by-day:
07/01 SPX Iron Butterfly

06/30 SPX Iron Butterfly
06/29 SPX Iron Butterfly
06/25 SPX Iron Butterfly
06/24 SPX Iron Butterfly
06/23 SPX Iron Butterfly
06/22 SPX Iron Butterfly

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