Thursday, November 12, 2009

11/11 Daily Summary

Had a couple of quiet days, but both positions are still in danger.. Not much of a recovery even though this is the final week prior to expiration. This is because they have too many longs DEC Calls to control their deltas, and that kills the theta.

Position's Summary:
11/11 MNX Iron Butterfly
11/11 NDX Iron Butterfly - Paper

Price Action and Vertical Solution chart:


11/11 MNX Iron Butterfly

Two quiet days, waitting for some sort of a pull back so I can condorize the position. So far the P&L has gotten stuck at the same level.

11/11 NDX Iron Butterfly - Paper

TOS Profile chart isn't working for the NDX position, one way or another, I'll have to exit the trade either Thursday or Friday at the latest.