Friday, February 5, 2010

02/05 MNX Iron Butterfly

I jumped the gun with my adjustment Today. I wasn’t counting on the possibility of a bounce from the bottom, and when the market was down I closed one of my put spreads and exposed my self to vega risk (flipped to negative vega), not a big deal, but because I was borderline in the P/L, it is back down again. So I decided to take the hit and started closing down most of the position.

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