03/16 Daily Summary

Today’s upside sing is challenging my weekly OEX position. Who knows what Tomorrow will bring. I don’t know if it will happen for sure, but a reversal from here wouldn’t hurt. :)

03/16 NDX Iron Butterfly

Did not trigger the long call to smooth out the deltas, I have the order there for Tomorrow. So far, nothing major going on in the position. Just got it started.

03/16 NDX Fast Iron Butterfly (from 03/15)

Moved higher Today, it broke the previous high, but not by much. Nothing to do at this point, I have my hedging order ready to go if we continue moving higher Tomorrow.

03/16 NDX Fast Butterfly (from 03/08)

NDX moved up Today, no major change in the position, nothing to do here, except wait. I will further hedge it if NDX fires up again.

03/16 OEX Weekly Iron Condor

OEX got to 530 Today after the Interest rate announcement, it is closer to my stop than I’d like, but it is part of the game, I’m staying the course. One thing to notice is that I have all my contingent orders set to start at 7 AM in the morning, this helps me to avoid the first 30 min. of trading, when volatility is higher than usual. Hopefully the market will back off from here. :)

The second time where I find myself in a challenging spot after the market moves intra-day on Monday, need to make sure this is not messing up the strategy all together since I backtested it with end of day data.

03/15 Daily Summary

Got in the OEX weekly, as well as two NDX Iron butterflies (one weekly, one monthly). I also took the opportunity to exit my NDX Butterfly from 03/01 (-5.32% loss), it was time to refresh the capital and get on with another weekly position. All and all, this intra-day reversal was kind of a surprise for me, but didn’t affect me much, as the only position I had entered intra-day was the OEX weekly, the others were added at the closing time.

03/15 NDX Iron Butterfly

Started a new monthly position, the NDX Iron Butterfly strategy. I am following Dan Harvey’s updated rules. As I started this trade I did not add the long call to smooth deltas right away, the reason is that the deltas are fairly small. If we trade higher (1935) Tomorrow, making new highs, then I’ll cut the deltas in half. Other than that, will continue to manage as business as usual.