Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
Tuesday, October 13, 2009
10/12 MNX Iron Butterfly
I removed the last spreads out of the position, leaving only 1 Put and 1 Call that are further out of the money with plenty of longs to compensate in case the market crashes down. I'll either close them out Tomorrow or simply let them expire.
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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