04/01 NDX Fast Iron Butterfly (from 03/22)

Made no change on the position Today, watching theta increase.

04/01 NDX Fast Iron Butterfly (from 03/15)

As we traded lower I decided to close 1 of the 1950 iron butterflies, this locked some of the profits on that butterfly and took the edge out of the up-side risk by reducing some of the negative delta.

03/31 Daily Summary

Very short posting Today, Had only one adjustment that was more like fine turning than adjustment on one of the butterflies.

03/30 Daily Summary

Ok, not much to report Today, I added an iron butterfly intra-day to help my 3/22 position, other than that spent most of the day away enjoying our family Spring break.

03/30 NDX Iron Butterfly

Still on waiting mode, as we were trading slightly lower Today it started showing some profits, if we pull back for just a little bit the position will be in great shape. Let’s see what develops.

03/30 NDX Fast Iron Butterfly (from 03/22)

I added an iron butterfly mid-morning Today, got the position leaning bearish as we were trading sideways, we ended up moving higher and closing higher. I still see the candle patterns showing weakness at the top, that was my reason for leaning bearish Today, we’ll see how it develops.

03/30 NDX Fast Iron Butterfly (from 03/15)

NDX pushed higher once again, really close to my stop level, will have to hang in there and see what happens in the next few days.