Wednesday, September 16, 2009

09/16 Daily Summary

I added the second half to the MNX iron butterfly and the contingent orders triggered on the RUT position, all and all it was a quiet day for me. I'm currently down but it is really early on the trades, so there is a lot of time to adjust things.


Position's Details:
09/16 RUT Iron Butterfly
09/16 MNX Iron Butterfly

09/16 RUT Iron Butterfly

I added a long contract to help control the deltas at 610, then at 615 a second hedge was released. The position is flat for now and the up-side risk is acceptable. If we keep going higher I plan on adding a small butterfly to keep theta on the trade.

09/16 MNX Iron Butterfly

I'm actually glad I ended up not loading the 2nd half of the position Yesterday. The market pushed higher Today and I added the second half and as it turns out the position is in better shape than the RUT.