It was an interesting week last week. The Feb trades all got beat up pretty bad last Thursday and we were so close to the profit targets too. Oh well, you know what they say: Easy come, easy go”. We will need to see if we can get most of our money back this week. On Friday, I did do a few adjustments. On The Feb 55 day trade I pulled one of the 610 butterflies and rolled it down to a 540/580/620. The trade currently has three butterflies with our shorts at 580, 600 and 610. It is up about $300 which is a far cry from the $1400 on Wed. Our profit target is still $1500 although if this week does not go well, we’ll take what we can get. Below is the current position:
The Feb method one is now down $158 and the profit taget has been lowered to $600. Position below:
The Feb method 15 is up $409 Profit target still the same $1400. Position is below:
As for the March 55 trade. It was not realy affected by the down move other than I added the last 1/3 of the position on Friday, a 540/580/620 Call butterfly. It was a call butterly so that I did not cross out the strikes on the original 620 put butterfly. Position is up about $500 and can be seen below:
Ok, let’s hope for a calm week and see if we can get our money back!
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