Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
Friday, October 2, 2009
10/02 MNX Iron Butterfly
The position recovered great after a quiet day Today. I rolled the last delta hog at the end of the day to cut deltas and to make sure it doesn't become a big problem if we keep going down next week. All and all, I think I got a good handle on the MNX trade, will increase my size next month.
All content on this site is provided for informational and entertainment purposes only. It is not intended as advice to buy or sell any securities. Nothing should be considered or construed as personalized investment advice. Stocks are difficult to trade; options are even harder. Please do your own homework and accept full responsibility for any investment decisions you make. Although I may answer your general questions or comments, I am not licensed under securities laws to address your particular investment situation.
ps: Thanks to my Lawyer friend and avid reader Chad for the disclaimer!
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