Friday, February 5, 2010

02/05 NDX Iron Butterfly

I am happy with the way I was able to keep this trade in the recovery path, if you compare with the MNX Iron Butterfly, you’ll notice that by rolling the entire spreads when I needed I was able to recover faster. Of course, I tweaked Dan Harvey’s rules and did not dump my puts so quickly, if I had done that, it would have exposed the position to a lot of vega and these past two days of increased volatility would have hurt it pretty badly.

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