Monday, August 3, 2009

08/03 MNX Iron Butterfly

This trade is still hanging tough. It is down, but only 1/2 of the max loss, and there is still a lot of things I can do if we keep moving higher. My plan is to stay with MNX in this journey, hopefully it will give up moving up before the end of my bullets..

I rolled the last 150 CALL, used a debit spread to buy back the 150 and sell the 162.5. Deltas are in check, and I plan on further hedging if we keep moving up Tomorrow.



Position's History
07/31 MNX Iron Butterfly
07/30 MNX Iron Butterfly
07/29 MNX Iron Butterfly
07/28 MNX Iron Butterfly
07/27 MNX Iron Butterfly
07/23 MNX Iron Butterfly
07/22 MNX Iron Butterfly
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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