03/04 Daily Summary

No bear action Today, very light up-side movement as well, we’re trading in a range and that is a good thing for my option trades, specially for the OEX weekly position, where time decay is accelerated every week. NDX Fast Butterfly needs only a small pull back to close profitable Tomorrow.

03/04 NDX Fast Butterfly

Certainly a major difference on this week NDX fast butterfly, the time decay has yet to begin, so far the NDX has pressed slightly higher and that is enough to erase any theta gains overnight.. Will re-visit my backtest data and take another hard look at the trades initiated with 49 days, I wonder if that will give me any more insight..

03/04 OEX Weekly Iron Condor

OEX keeps pressing higher, let’s see if what it does on Friday, probabilities are still around the 80% level that the position will be fine Tomorrow. Tomorrow it will all come down to the Time vs. Market speed decision :)