Wednesday, August 19, 2009
08/19 MNX Iron Butterfly - SEP
We backed off from the down-side break-even and now are rolling against the up-side, see how the delta switched in the dashboard.. This tells me I went overboard adjusting to the down-side. For future reference the best thing to do was to cut delta in 1/2 not simply smashing it down. I have contingent orders to sell some of the OCT longs at the levels indicated bellow.
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