I entered the 30 day trades today, the RUT method 1 and method 15 as well as the 55 day March trade. Unfortunately, I entered them early in the day and it would have been better if I waited.
The February 55 day trade is down slightly after today’s move but is still only 1/3 entered as we have not had enough market movement to work us into the position. If we get a decent up move tomorrow, we should be able to get into the next 1/3 by adding a 600/640/680 butterfly. Planned capitol for this trade is $5000, profit target is $1500, max loss is $2000. Current position looks like this:
The 30 day method one was entered this morning. I sold the “at the money” 620/640/660 iron butterfly for a credit of 15.80. The large up move that followed put the position down about $80. Planned capitol for this trade is $4000, profit target $800 and max loss $800. Current position is below:
The 30 day method 15 was entered this morning also. Bought a 570/620/670 butterfly for 18.50. Currently the position is down $195. The planned capitol is $7000, profit target $1400 and max loss $1400. Position is below:
And last but not least, the 55 day March. Also entered this morning as a 580/620/660 put butterfly and this is down slightly. Planned capitol $5000, profit target $1500 and max loss $2000. Here it is:
OK, let the games begin!