01/13 Daily Summary

When I got an alert that the NDX position was at critical level, I honestly have to say I thought the TOS platform was reporting bogus data.. Then I checked and saw the market snapped right back up! I closed the position and closed the Call spreads on the MNX Iron Butterfly.

As we approach the end of JAN/10 cycle, it is time to start allocations for the FEB contracts. I plan on entering the MNX Iron Butterfly and RUT Iron Condor with 35 days till expiration.

Position's Details and Price action:
01/13 MNX Iron Butterfly
01/13 OEX Weekly Iron Condor
01/13 NDX Directional Butterfly