Tuesday, September 29, 2009

09/29 RUT Iron Butterfly

Yesterday I made a mistake, Today, rather than feeling sorry for myself, I went in there and fixed it! I sold both the extra NOV Put and Call I had in the portfolio, this provided me with the same delta exposure, but a lot more theta to work with. Because I did it early in the morning, I was able to capture most of that daily theta by end of Day. It also helped that the market didn't move much Today!

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