Thursday, June 17, 2010

06/17 Daily Summary

Back in the market! Today I got most of my NDX position on, there is only one contract remaining, and I’m deciding if I load it as a regular trade or if a broken-wing butterfly. Last month using the broken-wing approach helped me much when the market moved up and the vols dropped. This month I’m not quite sure, so will let the market decide for me, if we move higher then I’ll use the regular position + long call, if we move lower then I’ll use the broken-wing.

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