The option corner

Two points:
1 - The iron butterfly we've put on Monday is high in the sky after today's NFP data. For now, we have been very lucky this month as we have sold our 111 call on the 2nd of October after reaching the 1$ target move. Now, the lower the T-bonds close on the 26th the better it will be! Although, don't celebrate yet... We are still early in the month and a rally is still possible.

2 - Options are still expensive, yesterday we were looking to buy a November straddle and were in the end deterred of doing it... Too expensive. Good thing we did not do it. The 111 strike lost money and the 112 one barely moved up by a paltry 4/64....