06/25 SPX Iron Butterfly

I was tricked by Yesterday's profile. Because I used the line at expiration, the perspective on my current P&L line looked as if everything was great on the up-side. When you look at the "at expiration" profit potential, then giving up a few hundred dollars is no big deal, however, if you think in terms of what my profit goal is, it is a big deal.

So, the position is hedged and I am now using the Day-step lines for evaluating where the risk is.

Position's history day-by-day:

• 06/24 SPX Iron Butterfly
• 06/23 SPX Iron Butterfly
• 06/22 SPX Iron Butterfly