Interestingly enough, a blog reader asked me how do I determine when/where to cut my deltas in the position. Let me explain this in a separate posting.
Previous Posting:Thursday, August 27, 2009
08/27 MNX Iron Butterfly
Today the trade made a nice run for profitability. I like it! One thing I noticed by the end of the day was that my deltas were approaching -40, this to me seemed like too much and would put me in the B/E if we had 1 st. deviation move to the upside, so I cut the deltas adding another long OCT call to keep it in line with the theta.
Interestingly enough, a blog reader asked me how do I determine when/where to cut my deltas in the position. Let me explain this in a separate posting.
Previous Posting:
Interestingly enough, a blog reader asked me how do I determine when/where to cut my deltas in the position. Let me explain this in a separate posting.
Previous Posting:
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