Thursday, December 31, 2009

12/31 MNX Iron Butterfly

MNX rolled back down in the last 30 minutes of trading Today. I am glad I still have a bunch of the 185 calls, if I had rolled all of them up, I'd be finding myself worried about the down-side becoming a problem sooner than later. If we keep rolling down, my job will be to sell back the long FEB calls and wait for MNX to find footing under my tent.. If we push higher, then I'll just stick to the original plan: roll the 180 calls and stay in the game.


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