Tuesday, April 6, 2010

04/06 NDX Fast Iron Butterfly (from 03/22)

This morning I closed the last remaining 1925 iron butterfly and am only carrying the additional iron butterfly I put in to recover the trade and one long 2025 call. This means the trade has been reduced and the risk taken off the table. Depending on where we are Tomorrow I’ll consider closing the position down entirely or condorizing it really good to capture a few extra days of theta.

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