Monday, August 17, 2009

08/17 Daily Summary

Navigating the storm!! That's what we're doing as non-directional traders, I'm rolling from one iron butterfly into another and already making adjustments on the SEP position.. I decided to keep on top of the AUG trade, rolling the PUT side down to cut delta and gamma exposure, now it all depends on how far this correction will be, one way or another, I think my chances are good of MNX staying in the profit zone for AUG.

Detailed Positions:
08/17 MNX Iron Butterfly - SEP
08/17 IBM Calendar
08/17 MNX Iron Butterfly

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