08/14 Daily Summary

This is a short posting, as I had a long day. Current positions got the benefit of Today's price action in the markets. I specially appreciated that in the MNX Iron Butterfly for AUG.

I'll be cleaning up the blog and looking over some of my past trades this weekend.

Detailed Positions:
08/14 MNX Iron Butterfly - SEP
08/14 IBM Calendar
08/14 MNX Iron Butterfly

08/14 MNX Iron Butterfly - SEP

This is the second day on the trade, not much to do here. My plan is to leave the position alone for at least 1 week. Will only touch it if we start approaching the expiration break-even levels in a fast pace. Then I'll start cutting deltas a bit sooner than 1 week.

I'm creating a new Dashboard view, this one will include any adjustments made to the original position, as well as some of the greeks.

Position's History:
08/15 MNX Price & Volatility Study
08/13 MNX Iron Butterfly - SEP *New*

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08/14 IBM Calendar

I took out 1x 120 CALL calendar, and now have only 1/2 of the position going through the weekend. I figure it is a good idea to book some profits, specially after such a smooth sailing on the trade. So, I expect the goal to be reached early next week.

Position's History:
08/13 IBM Calendar
08/12 IBM Calendar
08/11 IBM Calendar
08/10 IBM Calendar
08/07 IBM Calendar
08/06 IBM Calendar
08/05 IBM Calendar
08/04 IBM Calendar
08/03 IBM Calendar
07/31 IBM Calendar
07/30 IBM Calendar
07/29 IBM Calendar
07/28 IBM Calendar
07/27 IBM Calendar *New*

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08/14 MNX Iron Butterfly

I appreciated this down-move Today. Now it is a matter of collecting the weekend of theta and by end of day Monday looking for the exit. Today I rolled all my short contracts further out of the money, that helped me with my Gamma risk going into the expiration week.

Position's History
08/13 MNX Iron Butterfly
08/12 MNX Iron Butterfly
08/11 MNX Iron Butterfly
08/10 MNX Iron Butterfly
08/07 MNX Iron Butterfly
08/06 MNX Iron Butterfly
08/05 MNX Iron Butterfly
08/04 MNX Iron Butterfly
08/03 MNX Iron Butterfly
07/31 MNX Iron Butterfly
07/30 MNX Iron Butterfly
07/29 MNX Iron Butterfly
07/28 MNX Iron Butterfly
07/27 MNX Iron Butterfly
07/23 MNX Iron Butterfly
07/22 MNX Iron Butterfly
7/21 MNX Iron Butterfly
07/20 MNX Iron Butterfly
07/17 MNX Iron Butterfly
07/16 MNX Iron Butterfly *New*

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