Monday, February 13, 2012

2/17 NDX Iron Butterfly (MAR)


2/17 Update: Opened the adjustment butterfly, by re-positioning I cut the deltas by a little bit and give myself more room to the up-side and down-side.

2/16 Update: NDX went back up and hit the adjustment spot. Contingent orders kicked in and closed the butterfly. Will re-open Tomorrow.

2/15 Update: NDX took a retreat from Today's High, if you ask me the candle chart patterns seems quite bearish. I'm glad my contingent orders are only triggered at end of day, otherwise it would have hit it intra-day Today.

2/14 Update: NDX was down most of the day, by the final hour all indexes bounced back up and higher.. As of now very close to the adjustment level.

2/13 Update: NDX moved back higher Today, volatility seems to have dissolved from last Friday, it is again close to the adjustment point. Contingent orders are on stand-by to trigger if needed.

2/17 IBM Calendar (Mar/Jul) Weekly Summary

2/17 Update: Finished the week in an awesome spot!

2/16 Update: Trade working out well.

2/15 Update: Keep pumping theta my friendly calendar, keep pumping it :)

2/14 Update: Looking very good, still in the middle and with 2/3 of the trade on.

2/13 Update: No change, position is accumulating theta and profits, gotta like that!

2/17 IBM Calendar (Feb/Mar) Weekly Summary

2/17 Update: Closed the trade for 22% ROI, nice return for the journey.

2/16 Update: Plan is to close the trade Tomorrow, IBM in quiet mode

2/15 Update: Getting there, a couple more days to go

2/14 Update: My fingers are itching to close the trade, yet I will be good and follow it the same way backtested: till the final day.

2/13 Update: IBM closed about the same as last Friday, the position is looking good, navigating it expiration week. It has been a long time since I traded a position till the very last week.