Tuesday, July 21, 2009

7/21 MNX Iron Butterfly

I didn't want to do any adjustments on the trade prior to the first 7 days, however, it seems like MNX is forcing me to do it. I'll have a contingent order to cut deltas at or around 146 Tomorrow. Once the deltas are cut, if we keep moving higher, then my next step is to add a smaller iron butterfly (baby butterfly) at the up-side B/E level to increase theta.

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

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