10/23 Daily Summary

It was clear to me that we were moving down about 1 standard deviations, The FinViz map was bright red and the VerticalSolutions forecast was pointing to readings below the -8000 level for a good portion of the day. If I needed to make adjustments, I would have waited for a pull back intra-day and then entered the adjustments, that would avoid buying PUTs in the worst possible time.

Position's Details:
10/23 RUT Iron Butterfly
10/23 MNX Iron Butterfly

Price Action & Forecast charts:

10/23 RUT Iron Butterfly

RUT dropped a bit over 1 st. deviation Today, I decided against touching the position, as the T+7 curve still looks pretty good. My plan is to look at the forecast lines more than the T+0 line in order to decide when to make adjustments. For better or for worse, I hesisted the urge to adjust Today.

10/23 MNX Iron Butterfly

MNX didn't drop as much as the rest of the indexes. The position goes throught the weekend right in the middle.