Today was a good day for the portfolio, no adjustment was made, and in this case, no news is GREAT news! I'm still down for the SEP positions (-3% ROI), the MNX trade came back above water and RUT didn't move.
I added the IBM Calendar position Today, this is the last portion of my SEP portfolio, and I plan on completing the position by Wednesday.
Positions' Details
08/24 IBM Calendar *New*
08/24 RUT Iron Butterfly
08/24 MNX Iron Butterfly
Monday, August 24, 2009
08/24 IBM Calendar *New*
It feels a bit odd for me to start a position on the bullish side. However, with IBM sitting right above 119, I could not justify starting the trade with the 115 Calendar (as much as I wanted). So, I have entered the first 1/2 of the trade and plan on adding to it during this week (likely Wednesday)
08/24 RUT Iron Butterfly
RUT didn't back off, and we're still sitting right at the top of the trading range and on the break-even for the trade. I can't afford to keep on running without Theta, so Tomorrow, if we don't back off I'll add to the position and bump up its theta.
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Previous Posting:08/24 MNX Iron Butterfly
MNX took a break over the weekend, the position is now back in the black. Notice the Delta is under control and we got an increase in Theta. The goal for the trade is to keep theta running with at least 1% per day, so every quiet day books money in the bank.
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