07/20 Daily Summary

The market's upside movement kept on pressuring my current trades. I expect a pull back, but can't be sure of it, so I'm not going bearish and am placing contingent orders on the MNX iron butterfly to cut the deltas if we approach the B/E level.

Tomorrow I plan on enter a RUT 30-Day condor. I'm not so excited about launching a position at the high area of the range, but then again, the market may keep on pushing higher. One way or another, Tomorrow is 30 days till expiration and here I come.

Position's details:
MNX Iron Butterfly
SPY Double Diagonal
MNX Iron Butterfly Backtesting

07/20 MNX Iron Butterfly Backtesting

This was a very challenging month, MNX went down and kept pushing down, to say that one could manage it to +10% ROI is really something else. Would I be able to do the same? Probably yes after some experience under my belt, that's the reason why I'm doing this excercise: To expose myself to different scenarios and to manage them.

MAR/09: +11% ROI


Previous Postings
07/17 MNX Iron Butterfly Backtesting
07/16 MNX Iron Butterfly Backtesting
07/15 Backtest Challenge

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07/20 MNX Iron Butterfly

MNX also pushed higher, we're above the previous highs on the chart, and this could mean we're moving higher. One way or another, I've plans to adjust if we move 1 st. deviation from here. I really wanted to avoid adjusting in the first week of the trade, but some times the market forces your hand. I still think a pull back is in order, but who really knows. One way or another, I'll add a contingent order for Tomorrow.

Position's History
07/17 MNX Iron Butterfly
07/16 MNX Iron Butterfly *New*

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07/20 SPY Double Diagonal

SPY Kept on pushing higher Today, we're now beyond 1.5 st. deviation on the volatility cone, I have performed the first adjustment and may need to do a few more vertical rolls to cut the deltas once again if we push beyond the B/E point.

Position's History:
07/17 SPY Double Diagonal
07/16 SPY Double Diagonal
07/15 SPY Double Diagonal
07/14 SPY Double Diagonal
07/13 SPY Double Diagonal *New*

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