Tuesday, February 7, 2012

2/10 NDX Iron Butterfly (MAR)

2/10 update: NDX backed off from Yesterday, yet this move brought some volatility back into the market and it hit the butterfly a bit. Nothing major, just something to keep an eye on.

2/9 update: Moved a bit higher Today, other indexes are not following suit, I have contingent orders to close (so I can re-position) the butterfly if we close beyond my adjustment point.

2/8 update: Small up move

2/7 update: No major change from Yesterday

2/6 update: Started the MAR NDX iron butterfly Today.

2/10 IBM Calendar (Mar/Jul) Weekly Summary

2/10 Update: This wraps up the first week of this trade, still a lot of time to go, for now it is looking as good as it gets!

2/9 Update: Always good to see the P/L line growing without major changes in the trade.. It is like watching the grass grow, money grass that is :)

2/8 Update: No major change

2/7 Update: Started the Mar/Jul position Today, because IBM is in the middle of 2 strikes I decided to wait and position the final 3rd of the position if and when it touches 190 or 195.

2/10 IBM Calendar (Feb/Mar) Weekly Summary

2/10 Update: Looks like we had a pop on volatility and the trade is looking really awesome by the end of this week.

2/9 Update: Looking great Today, I'm riding this through the expiration week

2/8 Update: Got a rush of adrenaline when I saw an email on my inbox that I had been assigned 600 shares of IBM at 185,, then got myself to cool off. After all, these were hedged with the long APR calls, so I had no reason to panic. When I got a bit of free time I went in there and bought back the 600 IBM shares and sold off the long 185 calls. Turns out whoever assigned me these shares gave me a $400 gift, so thanks!

2/7 Update: No major change from Yesterday, still looking down by a little bit

2/6 Update: As expected, showing recovery from Friday's P/L state, looks like Friday was a mis-print, either that or a good price manipulation by end of day.