Sunday, April 11, 2010

04/09 NDX Fast Iron Butterfly (from 03/15)

Here is the inventory of what I have left on this position:

-2 APR 1900/1800 put credit spread
-1 APR 2025/2050 Call credit spread

After I evaluated we were likely to keep moving higher, I decided to cut and roll the condor, simplifying the position and cutting back on the negative deltas I had it exposed to. Going into the weekend with limited risk to the up-side.

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