Tuesday, October 13, 2009

10/12 Daily Summary

Not much action on MNX or RUT, around mid-day, as the market was moving up, I checked FinViz and Vertical Solution to gauge price action. I noticed FinViz was mixed and Vertical Solution was showing reduced strenght on their Current Conditions profile. Like I mentioned earlier, I believe these tools can help one gauge overall sentiment before making adjustments on non-directional trades.

Position's Summary:
10/12 MNX Iron Butterfly

Price action & Charts:

10/12 MNX Iron Butterfly

I removed the last spreads out of the position, leaving only 1 Put and 1 Call that are further out of the money with plenty of longs to compensate in case the market crashes down. I'll either close them out Tomorrow or simply let them expire.