Friday, July 23, 2010

07/23 Daily Summary

Phew! The weekend is finally here. Today I used a butterfly roll to move my 1825/1900 call spreads to 1900/1975. I did not want to add an additional iron butterfly because it was Friday, will see where we are on Monday and do so if needed. So far I’m down about 13% and looking for the weekend and a quiet Monday to take some of the heat off the position. Depending on where I am on Monday I’ll dive in with the extra butterfly and pump up my Theta.