Tuesday, May 25, 2010

05/25 NDX Iron Butterfly – JUN/10

Ok, as we gapped down this morning I was observing the NDX and its price action, it got to about 4 points from my lower adjustment (1950), then started to bounce from there. Rather than touching the position early in the morning I’ve decided to let it ride for the extra day... As it turned out, this as a good choice as we traded to just about the same level as we closed Yesterday. With the additional Volatility crush I got to 10% on my trade and dashed for the exit! :)
Not bad, get in Friday morning, ride through the weekend, cash out 10% by Tuesday (3 days in the market) I am very grateful I got in the position this month!


g-man316 said...

Happy Belated B-Day! Wow you sure got a nice gift too. Congratulations on a job well done!

Gustavo's Trades said...

Thansk Gary!! Sure was nice and easy this month.. Now I have to find something else to do with the extra days before the next month.. :)

g-man316 said...

The "software" is now available to all. I'm going to sign up so I can keep busy with backtesting. 8-)
Have a nice long weekend!