Wednesday, January 20, 2010

01/20 NDX Iron Butterfly - Game plan - Downside

It is day one on the trade and we hit the down-side goal post. I've given it some thoughts as to what will be the game plan should we continue to trade lower. Bellow is the idea: Cut and Roll the PUT spread, and open a small butterfly to bring in more theta and compensate for the cut and roll costs.

No comments: