This was an extreme satisfying trade. 3 days and I got out with my target ROI! :) Most of it comes from the fact I decided to enter the JUN position regardless of the wild market conditions. I’ve made a few tweaks to the trade and made up my mind I was ready to manage whatever would come my way.
It also helped I entered later in the week due to my trip to Germany. When I saw the early morning gap on Thursday (5/20) I decided to wait for Friday (5/21), as it turns out, I entered early AM on Friday and got most of the increased volatility due to Thursday’s decline. Then it was a matter of watching the vols melt away and the profits show up.
Trade 1: From 5/21/2010 to 5/25/2010 +10.16% ROI
Day by day:
05/21 NDX Iron Butterfly
05/24 NDX Iron Butterfly
05/25 NDX Iron Butterfly
Wednesday, May 26, 2010
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