Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
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.
All content on this site is provided for informational and entertainment purposes only. It is not intended as advice to buy or sell any securities. Nothing should be considered or construed as personalized investment advice. Stocks are difficult to trade; options are even harder. Please do your own homework and accept full responsibility for any investment decisions you make. Although I may answer your general questions or comments, I am not licensed under securities laws to address your particular investment situation.
ps: Thanks to my Lawyer friend and avid reader Chad for the disclaimer!
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