02/24 Daily Summary

Didn’t touch any position Today, that makes it a perfect option trading day! Gratefully waiting for time decay to do its job so I can do mine (aka. Get out of the positions). So far so good.

02/24 NDX Fast Butterfly

I’m looking for just a small pull back or simply the time decay to cash in at my profit level this week. At the final hour I floated an order out to close me with 8%, the current P/L was around 7% and I figured it could work, why not try it? I am sure I had traded over 8% during the intra-day action Yesterday, however I want to stick to the backtested process: close by end of day instead of intra-day.

02/24 MNX Iron Butterfly

MNX kept collecting premium Today, didn’t do anything on it as well, just waiting for time to go by and money to come in.

02/24 OEX Weekly Iron Condor

I am glad that OEX moved back and forth Today and didn’t leave the same surrounding area of Yesterday. Nothing to do with the position, simply a matter of waiting for it to expire.