01/28 Daily Summary

As far as I can tell, we have resumed the down-trend Today by breaking last Friday's low. My Iron Butterflies are hanging in there, they need another break, but so far so good, I plan on adjusting it further Tomorrow to increast my theta and keep rolling the tent down. The OEX position is about to bring home the cash!

01/28 MNX Iron Butterfly

Just like the NDX, this position held its deltas under control as the market took a deep dive beyond last Friday's lows.. now it is a matter of staying in the game and responding to the situation by adjusting and increasing theta once again.

01/28 NDX Iron Butterfly

Well, time to test this strategy under FIRE!! I had the contingent orders to keep deltas under control and they did their job. The MNX rolled down quite a bit and the position adjusted itself. Of course, P/L dropped, but it is still at a very decent level despite such a large beating this trade has taken.

01/28 OEX Weekly Iron Condor

Today's extreme price action was not a negative impact on this trade, as a matter of fact, it is now 99% chance of success! Nice for a no-touch trade that lasts one WEEK!

01/27 Daily Summary

Today was a good day despite it being a FED announcement day. The market didn't move too much and I wasn't forced to adjust any position. I have added an iron butterfly to the MNX trade mainly to increase its theta.

01/27 MNX Iron Butterfly

I've decided to start adding more Theta to the trade, about 30 minutes prior to the closing I added another Iron Butterfly (1x 180/170 Put & 182.5/192.5 Call). The market then rallied, but I decided to stay put and do any further adjustments Tomorrow if we confirm this move up.

01/27 NDX Iron Butterfly

As we traded higher Today, the position started to show initial signs of profitability. That is a great sign, if we continue to trade sideways it will start to collect $.