01/22 MNX Iron Butterfly

the extra puts I have bought did a good job keeping the trade under control. Then again, we had over 2 st. deviations drop on the MNX and NDX, so this caused the position to lose some more money than it would under normal conditions (read, volatility POP). By end of day I rolled half of my short puts as they’re delta hogs and plan on keep on rolling the other rest if we keep on going down next week. So far the position is hedged, but it needs more theta.