Wednesday, August 5, 2009

08/05 MNX Iron Butterfly

This is the reason why I favor the Iron Butterflies: They recover fast! Nothing like a small pullback to see the profits recover by almost 50%. Now it is a matter of managing the position, as time goes by the theta will increase, and so will gamma, so if MNX stays range-bound for a few days we can bring this one home.

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