Monday, February 8, 2010
JAN MNX Iron Butterfly Day-by-day review
The JAN MNX Iron Butterfly reached about 10% and then I let the money drop down, had to stay in the trade, run the adjustments and was able to recover most of the profits, closing the position with +7% ROI. After this trade I’ve decided to go for a 10% goal and exit.
02/08 Daily Summary
Not much action Today as far as adjustment goes. I did enter two new positions, one is my newly tradition of the OEX Weekly Iron Condor, the second is a new test I’m doing with the NDX, I call it NDX Fast Butterfly because I want to get in and out in the same week.
02/08 NDX Fast Butterfly
This is the first test on a strategy that I’ve laid out over the weekend. My goal is to enter a NDX butterfly every Monday and trade for at least 8% ROI by Friday, setting the stop at those levels as well. It was inspired on the OEX Weekly Iron Butterfly and the ability to post weekly returns to the account. I’ve set up an automatic stop order to buy back the position if it gets down by 8%.
02/08 MNX Iron Butterfly
Not much difference from last week, at this rate there won’t be much for me to recover unless the MNX pushes higher or sticks around these levels till expiration week.
02/08 NDX Iron Butterfly
The position posted some extra recovery Today, all and all I like the fact it is getting healthier. Will stick around to see where we go from here. Have orders to further hedge the position if needed.
02/08 OEX Weekly Iron Condor
Started a new OEX Weekly Iron Condor journey. This week it was a bit more difficult to get a fill this week, I got most of my position loaded on a contract-by-contract basis.
Sunday, February 7, 2010
JAN RUT Iron Condor Day-by-day review
The JAN RUT Iron Condor had little chance to survive, the market rallied and took me out at 1.5x the regular cashflow. I Hedged the position to see if it would back off, but that ended up costing me more money and didn’t help, so I ended up having to bail. -22.7% ROI
Day by day:
12/28 Daily Summary
12/28 RUT Iron Condor
12/24 Daily Summary
12/24 RUT Iron Condor
12/23 Daily Summary
12/23 RUT Iron Condor
12/22 Daily Summary
12/22 RUT Iron Condor
12/21 Daily Summary
12/21 RUT Iron Condor
12/18 Daily Summary
12/18 RUT Iron Condor
12/17 Daily Summary
12/17 RUT Iron Condor
12/16 Daily Summary
12/16 RUT Iron Condor
12/15 Daily Summary
12/14 Daily Summary
12/11 Daily Summary
12/10 Daily Summary
Day by day:
12/28 Daily Summary
12/28 RUT Iron Condor
12/24 Daily Summary
12/24 RUT Iron Condor
12/23 Daily Summary
12/23 RUT Iron Condor
12/22 Daily Summary
12/22 RUT Iron Condor
12/21 Daily Summary
12/21 RUT Iron Condor
12/18 Daily Summary
12/18 RUT Iron Condor
12/17 Daily Summary
12/17 RUT Iron Condor
12/16 Daily Summary
12/16 RUT Iron Condor
12/15 Daily Summary
12/14 Daily Summary
12/11 Daily Summary
12/10 Daily Summary
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