03/16 Daily Summary

Today’s upside sing is challenging my weekly OEX position. Who knows what Tomorrow will bring. I don’t know if it will happen for sure, but a reversal from here wouldn’t hurt. :)

03/16 NDX Iron Butterfly

Did not trigger the long call to smooth out the deltas, I have the order there for Tomorrow. So far, nothing major going on in the position. Just got it started.

03/16 NDX Fast Iron Butterfly (from 03/15)

Moved higher Today, it broke the previous high, but not by much. Nothing to do at this point, I have my hedging order ready to go if we continue moving higher Tomorrow.

03/16 NDX Fast Butterfly (from 03/08)

NDX moved up Today, no major change in the position, nothing to do here, except wait. I will further hedge it if NDX fires up again.

03/16 OEX Weekly Iron Condor

OEX got to 530 Today after the Interest rate announcement, it is closer to my stop than I’d like, but it is part of the game, I’m staying the course. One thing to notice is that I have all my contingent orders set to start at 7 AM in the morning, this helps me to avoid the first 30 min. of trading, when volatility is higher than usual. Hopefully the market will back off from here. :)

The second time where I find myself in a challenging spot after the market moves intra-day on Monday, need to make sure this is not messing up the strategy all together since I backtested it with end of day data.