This was a very rough week for my positions. The JAN/APR IBM Tripple calendar hit max loss and as much as I hated, I had to pull the plug on it. NDX Iron Butterfly in trouble as well, it seems the market moved up but vols didn't come back down as much as I expected so I need to enter the 3rd set of contracts to make a slight adjustment (at least bring in theta). Last but not least, the IBM had a big jump on Friday and I had to go in and adjust the FEB/APR tripple calendar.All and all, a rough week. I'm still on the FEB positions and am looking forward to some retracement/pull back so I they can recover. Needless to say, this was one of the difficult weeks. For now there is not much else to do rather than entering the NDX adjustment on Monday and keeping a close eye on the trades.
