04/23 Daily Summary

Didn’t even watch the market Today, just a few glances here and there, seems like we moved up again in the final hours of trading. I have my contingent orders for the butterfly if we keep on going Monday.

04/23 NDX Iron Butterfly – MAY/10

NDX moved higher Today, the vols didn’t drop by much and until they do I feel the trade will take some heat. Have my game plan updated, may need to cut and roll or add extra butterfly sooner than originally planned. Would be in worse shape if it didn’t have the extra long MAY call that I added Yesterday.