Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
Thursday, February 4, 2010
02/04 NDX Iron Butterfly
Today’s wild down-side movement was not what I expected as a pull back, this shows the bears are still hungry and looking for food. I’m super glad I didn’t drop my long MAR PUTS, as they saved my trade from losing a lot of money Today. Bottom line, my strategy of keeping the Vega exposure under control paid off Today, as even though we moved down by a lot, the P/L on the trade did not suffer much.
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!
No comments:
Post a Comment