07/14 SPX Iron Butterfly

I have started to simplify the position, getting rid of the excess inventory, flattened myself out and did whatever I could to increase theta as much as possible. At this point, all it needs is one more range-bound day. In retrospect, I certainly over-traded this position, I'm going to run a few more simulated trades and stay with a smaller size for AUG.

We're back at B/E on its way to profitability. Staying in the trade through Expiration week is not the most optimum thing to do because of the Gamma exposure, so far the gamma has not yet exploded, let's see how it goes Tomorrow

Position's history day-by-day:
07/14 SPX Iron Butterfly
07/13 SPX Iron Butterfly
07/09 Daily Update
07/08 Daily Update
07/07 SPX Iron Butterfly
07/02 SPX Iron Butterfly
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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