5/26 DIA Iron Butterfly

Now I understand why Dan Harvey says we need to leave the trade alone for the first week. We bonced right back to the center of the cone. I've adjusted on its way down, and am now paying for it.

On the bright side, I also see why he says it is a very forgiven strategy. Even with my adjustments, I'm still very close to B/E and have been able to keep Theta:Delta ratio in 1:1 for most of the days. Today is a bit of an exception as it 0.6.