Thursday, February 4, 2010

02/04 MNX Iron Butterfly

Similarly to the NDX, by keeping my long MAR Puts I was able to keep the trade pretty much under control despite our strong down-side movement. To be fair, I would much more prefer to have another quiet day, but the market does whatever it wants to do, and it seems like it is enjoying moving around. The position is under water and with limited time to recover, may have to call in the month on it.

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