Tuesday, April 27, 2010

04/27 NDX Iron Butterfly – MAY/10

Interestingly enough, Today’s violent move didn’t hurt my position that much. I’m down about 7%, and still stand a chance to reach 10%. I am seriously considering adding a calendar to add theta and further reduce vega exposure if I see a pullback opportunity Tomorrow. Need to see where we are. In the mean time the plan is updated to continue managing the position.

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