As the market was rolling down, I was also rolling my short PUT strikes, both the 177.5 and 175 became delta hogs in the same day, so I rolled them all.
Thursday, October 29, 2009
10/28 MNX Iron Butterfly
The trade is still under the tent. I have hedged it against the down-side and paid attention not to fully cut the theta. Should we move back up Tomorrow the position will recover, otherwise I have contingent orders to further hedge the down-side and will open another butterfly.
As the market was rolling down, I was also rolling my short PUT strikes, both the 177.5 and 175 became delta hogs in the same day, so I rolled them all.
As the market was rolling down, I was also rolling my short PUT strikes, both the 177.5 and 175 became delta hogs in the same day, so I rolled them all.
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