08/18 MNX Iron Butterfly

I had a session with Dan Sheridan Today and we went over this trade's beginning. One thing I got from the session is that I waited a bit too long to make the first adjustment, yes, I agree with that and I'm being a bit more proactive on my SEP trade. Other than that, Dan is against making multiple smaller adjustments, this is actually against what Dan Harvey says. If I have to choose one style, I preffer to make small fine-tunning adjustments, even if they seem a bit too much. This goes back to trader prefference I guess.

Dan also suggested exiting the trade. I didn't have time to work my way out of the position Today, but will take a look at doing that Tomorrow. At first my plan was to leave it alone till expiration, but there is not any more theta left, so it doesn't pay to stay..


Position's History
08/17 MNX Iron Butterfly
08/14 MNX Iron Butterfly
08/13 MNX Iron Butterfly
08/12 MNX Iron Butterfly
08/11 MNX Iron Butterfly
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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