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.

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