Thursday, March 18, 2010

03/18 Daily Summary




More up-side movement Today, that is a long up-cycle! Look at the price chart, almost 30 days of up-days, I haven’t seen this in a while. I guess there is a reason why the bearish butterflies are having a harder time.

03/18 NDX Iron Butterfly




So far so good, the position is doing good, I don’t have to make any changes here.


03/18 NDX Fast Iron Butterfly (from 03/15)



No major change Today, the hedge + butterfly combo I added Yesterday are providing a little bit of relief and P/L improvement, this position is likely to run through next week.

03/18 NDX Fast Butterfly (from 03/08)



Didn’t make any change to the position Today, my plan is to exit the trade by Tomorrow. As it turns out, that long call I bought Yesterday only hurt the position Today. Live and learn