Monday, January 11, 2010

01/11 MNX Iron Butterfly

I continued to peel spreads off the trade by end of day Today. As a matter of fact, I really wanted to just exit, but didn't have much time at closing, So I hedged as best I could to go into Tuesday. Now have contingent orders to shut down the call side if we trade higher Tomorrow. Otherwise, will keep on riding.

I haven't touched the PUT spreads on the iron butterfly, will only move them if we start trading down in the next few days.



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