Wednesday, July 1, 2009

07/01 SPX Iron Butterfly

SPX Moved higher intra-day but backed off at the end of the day. The position had no automatic adjustment. At the end of the day I did a butterfly roll to get rid of the last short 895 CALL. This adjustment broght a lot more theta into play and eliminated some delta.

Looking forward to a recovery, let's see if SPX stays quiet for a few days going into the weekend.
Position's history day-by-day:

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