My game plan for Friday if we trade 1 st. deviation higher is to move both 187.5 calls into 190 and ride the weekend. If we stay around this range I might peel spreads off with strangles and straddles.
Thursday, January 7, 2010
01/07 MNX Iron Butterfly
I've continued to condorize the position, my goal is to move my short strikes Out of the Money (OTM), it is fairly hard to do given the fact we're trading just around my long strikes. I'll look into ways to continue in the trade through Monday if still feasible.
My game plan for Friday if we trade 1 st. deviation higher is to move both 187.5 calls into 190 and ride the weekend. If we stay around this range I might peel spreads off with strangles and straddles.
My game plan for Friday if we trade 1 st. deviation higher is to move both 187.5 calls into 190 and ride the weekend. If we stay around this range I might peel spreads off with strangles and straddles.
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