Tuesday, October 27, 2009

10/27 MNX Iron Butterfly

MNX moved about 1 st. deviation Today, by end of day I wasn't ok with the deltas and decided to cut them in 1/2 buying a long put took care of it.

The T+14 Forecast still shows reaching the target with the caviat that if volatility comes back even by a tiny bit, the trade will recover really fast.

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