Today I started taking my risk off the table on both the MNX and NDX iron butterflies, the positions are at the stop level and I do not want the market to keep yanking money out of them, so I've started to watch my greeks really carefully and to take spreads out of the position.
I also entered the OEX weekly this morning, I wanted to get a fill for the entire condor, so I gave up about .10c from the mid price and got a fast fill, this beats trying to work each spread one at a time and spending 1 to 2 hours just to get in.
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