I would define these past few days (even a couple of weeks maybe) as super-choppy channel trading.. Notice that the 5-day volatility spike chart is FLAT, however, the daily chart is full of large days to the up-side and down-side.. Seems that the market doesn't know where to go, simply knows that it wants to go in a hurry.. :)
I started a couple of positions Today, and shut down the NDX Directional Butterfly.
Position's details and price chart:01/19 NDX Iron Butterfly *New*
01/19 OEX Weekly Iron Condor *New*
01/19 RUT Iron Condor01/19 MNX Iron Butterfly01/19 NDX Directional Butterfly *Stopped Out*
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