01/27 Daily Summary

Today was a good day despite it being a FED announcement day. The market didn't move too much and I wasn't forced to adjust any position. I have added an iron butterfly to the MNX trade mainly to increase its theta.

01/27 MNX Iron Butterfly

I've decided to start adding more Theta to the trade, about 30 minutes prior to the closing I added another Iron Butterfly (1x 180/170 Put & 182.5/192.5 Call). The market then rallied, but I decided to stay put and do any further adjustments Tomorrow if we confirm this move up.

01/27 NDX Iron Butterfly

As we traded higher Today, the position started to show initial signs of profitability. That is a great sign, if we continue to trade sideways it will start to collect $.

01/27 OEX Weekly Iron Condor

This position is doing very well, no need to do anything at this point