Saturday, November 7, 2009

11/06 Daily Summary

Didn't do much during the day, I noticed the early-morning up-side pressure slowed down and realized we weren't going to push much further, that was easy to see on the VerticalSolution charts.

By end of day I rolled my short calls on both NDX and MNX iron butterflies. I noticed the 5-Day volatility chart shows a reversal from the down-side to the upside, that could mean trouble in the last week of the trade. Hopefully it won't be an aggressive move to the upside.

Position's Details:
11/06 MNX Iron Butterfly
11/06 NDX Iron Butterfly - Paper

Price Action & Forecasts:

No comments: