01/08 MNX Iron Butterfly

MNX pushed up Today, I had a meeting at lunch time, so I reviewed where MNX was trading and created some contingent orders to roll my 187.5 calls to 190 as per my plan from Yesterday. The orders had a time trigger for 20 min. prior to closing and a price level (at or above 187.50). I also had an order to roll the PUT side down if the market was trading around 188. By combining these two orders, I basically satisfied my Yesterday’s plan (see scenarios a and b).