Sunday, February 26, 2012

2/24 NDX Iron Butterfly (MAR)

Update: NDX stood still for a while during this week, this allowed the position to recover P/L. Looking better than last week and hopefully will continue to improve next week. Time decay will start kicking in and as long as we don't blast off higher the trade should do well.

2/24 IBM Calendar (Mar/Jul)

Update: I had the 3rd portion of the IBM Calendar added this week when IBM crossed the 196 price zone. I was glad to see my contingent orders working, so all I had to do was watch the profile and update the contingent orders for the next levels of adjustments. Hopefully we won't trigger them. :)