Monday, March 29, 2010

Daily Summary



Ok, not much to report Today, I spent most of the time away from the computer and enjoying some time with family. Our son is on school break so we took time off to go out and enjoy.. I’m glad the market didn’t decide to go nuts either.. Let’s all relax, shall we? :)

03/29 NDX Iron Butterfly









Not much to be done except to wait for time decay and market retreat. So far, the position is ok, and I still have some moves left to be made if we push higher.

03/29 NDX Fast Iron Butterfly (from 03/22)






I had an order to open the upside iron butterfly Today, but it didn’t get filled. I wasn’t watching the market at the closing, as we took our son out to enjoy his spring break. I will attempt to enter the extra butterfly Tomorrow if it make sense. I’m keeping my powder dry sort of speak.

03/29 NDX Fast Iron Butterfly (from 03/15)






No major change in P/L on the position Today, there is not much left to be done on this trade, except to wait for time decay to do its thing and, of course, for NDX to take a break. I’ve added the price chart to give some perspective on when I entered the trade and where we are Today, as we can see, it started as a bearish butterfly and only took upside swing, so it has been challenging to say the least.