That hurt, still got the tears in my eyes. The position is down close to $700 and the position hangs now in a way that going further up, both butterflies will hurt me more. Ergo both butterflies have short deltas.
The adjustment points are still 'far' away, although what is far in this market.
Let's hope Citi does not disappoint tomorrow, that is disappoint me, which means does disappoint the corps of Wall Street analysts.
I am happy that last Tuesday, I resisted all temptation to start tweaking on the down side. That really saved the day today.
I can't show any pictures. TOS shows some abnormalities in the closing data and the graphs is very much incorrect. I will try to add a graph tomorrow before the open.
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