Wednesday, July 22, 2009

07/22 MNX Iron Butterfly

I am being extra conservative with adjustments on the trade. After the previous 2 iron butterflies were over-adjusted, I'm giving the trade a bit more room to breath. MNX is not yet giving a break to the up-side.

I have a contingent order to further flatten the deltas if we pass Today's highs. Lets see what Tomorrow brings. I considered adding a baby butterfly Today, decided not to do it, I'll do it Tomorrow if we keep on pushing higher.

Position's History
7/21 MNX Iron Butterfly
07/20 MNX Iron Butterfly
07/17 MNX Iron Butterfly
07/16 MNX Iron Butterfly *New*

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