09/02 MNX Iron Butterfly

The position recovered some of its profits Today, the volatility is still up but I think the market makers started adjusting the pricing models a bit more and that resulted in an increase in profits. MNX dropped quickly in the last 15 minutes of trading and the deltas jumped to 40, a bit over my confort zone (they were at 22 the last time I checked). I have contingent orders in place to keep things under control if we continue moving down.

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09/01 MNX Iron Butterfly