Took a lot of load out of the market over the last couple of days. March Iron Condors are closed for a little under 8% profit (including commissions) - not bad in this market. I started April but since it is still early I am under 20% of size as yet.
The butterflies are still in good condition (see graph) - I did closed the extra 490 I bought, based on my questionable upside fear from a couple of days ago. I will account for this lose in the final trade results when we close the trade. I will try to manage the trade back to a 25% profit compensation for the lose on the single 490 call, but that will not be a goal by itself.
As for market direction - it is difficult to see anything else then down right now - but be careful for the bounce if it as violent as in Nov then we can jump 5% in a day.
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