01/08 Daily Summary

The broad market moved higher Today, I executed my plan on the MNX and plan on staying in the trade till Monday. Next week I plan on entering the OEX weekly condor as well as will start preparing for my FEB allocationsFor now, sit back, relax and enjoy the weekend.

Position's Details and Price action chart:
01/08 MNX Iron Butterfly
See also: 01/07 Possible options for riding through the weekend

01/08 MNX Iron Butterfly

MNX pushed up Today, I had a meeting at lunch time, so I reviewed where MNX was trading and created some contingent orders to roll my 187.5 calls to 190 as per my plan from Yesterday. The orders had a time trigger for 20 min. prior to closing and a price level (at or above 187.50). I also had an order to roll the PUT side down if the market was trading around 188. By combining these two orders, I basically satisfied my Yesterday’s plan (see scenarios a and b).