Saturday, October 10, 2009

10/09 Daily Summary

Using a 20-day window calculated volatility, RUT moved about +0.8 and MNX +0.5 standard deviations. FinViz was showing a dark-green dashboard, while Vertical Solutions current condition screen showed mixed ETFs as well as Stock's "trending power" slowing down through the day. With time, I want to capture the relationship between the forecast tools and how much movement we get.

Position's Summary:
10/09 RUT Iron Butterfly *Closed*
10/09 MNX Iron Butterfly

Price Action & Forecasts:

10/09 RUT Iron Butterfly *Closed*

Closed the position on Friday before expiration week. Wasn't confortable with the overall trade and decided against risking it. Had a great phone conversation with Dan Harvey and he pointed out my mistakes in the trade, I documented them in the day by day review.

10/09 MNX Iron Butterfly

Continued to exit the trade, took off one more put and call spread and left the remaining of the potision to go through the weekend. I believe this is the first time I go over to expiration week with a trade that has profits in it. Learning the condorizing process and the ability to get the most out of the trade with less risk.