APR NDX Iron Butterfly Day-by-day review

I took an unnecessary loss for my APR position, at some point in the month trading cycle I have lost track of what I was doing, with too many trades and not enough time to focus on anything. I left the Iron Butterfly “float” around the up-side zone without properly increasing its theta when needed. The result is I didn’t capture theta and ended up taking a loss when the market moved up in the last few days of the trade.

Trade 1: From 3/15/2010 to 4/14/2010 -12.33% ROI

Day by day:

03/15 NDX Iron Butterfly

03/16 NDX Iron Butterfly

03/17 NDX Iron Butterfly

03/18 NDX Iron Butterfly

03/19 NDX Iron Butterfly

03/22 NDX Iron Butterfly

03/23 NDX Iron Butterfly

03/24 NDX Iron Butterfly

03/24 NDX Iron Butterfly

03/26 NDX Iron Butterfly

03/29 NDX Iron Butterfly

03/30 NDX Iron Butterfly

04/01 NDX Iron Butterfly

04/05 NDX Iron Butterfly

04/06 NDX Iron Butterfly

04/07 NDX Iron Butterfly

04/08 NDX Iron Butterfly

04/09 NDX Iron Butterfly

04/12 NDX Iron Butterfly

04/13 NDX Iron Butterfly

04/14 NDX Iron Butterfly

MAY NDX Iron Butterfly Day-by-day review

After mis-managing APR, I did a great job staying on top of my position in MAY, and it served me very well indeed! We went from a low volatility to a very high volatility environment during the trading cycle. We saw some crazy days, a lot of whipsaw action. In the end I was happy, I mean EXTREMELLY happy to get out of there with some money in my pocket :)

Trade 1: From 4/21/2010 to 5/11/2010 +1.74% ROI

Day by day:

04/21 NDX Iron Butterfly

04/22 NDX Iron Butterfly

04/23 NDX Iron Butterfly

04/26 NDX Iron Butterfly

04/27 NDX Iron Butterfly

04/28 NDX Iron Butterfly

04/29 NDX Iron Butterfly

04/30 NDX Iron Butterfly

05/03 NDX Iron Butterfly

05/04 NDX Iron Butterfly

05/05 NDX Iron Butterfly

05/06 NDX Iron Butterfly

05/07 NDX Iron Butterfly