08/11 MNX Iron Butterfly

The trade finally showed profits Today! I watched a video with Dan Harvey Yesterday and he explained that his strategy for these final weeks is to start rolling the short contracts out of the money as much as possible. This reduces the Theta, but helps a lot by keeping the Gamma under control.

I started rolling these contracts "out", By using Debit Spreads, I rolled 2x 157.5 Puts to 152.5 and 3x 160 Calls to 165. I also sold the long SEP Calls Today. In summary: This is the "end game", so it is time to keep the trade under control and at the same time to start simplifying the number of contracts. I'm attaching a view that shows what I have as far as contracts.

Position's History
08/10 MNX Iron Butterfly
08/07 MNX Iron Butterfly
08/06 MNX Iron Butterfly
08/05 MNX Iron Butterfly
08/04 MNX Iron Butterfly
08/03 MNX Iron Butterfly
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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