Tough day in the RUT to day. I hope everyone traded responsibly and controlled losses.
While all SPX and DOW merely came down to the support of a very steep up trending trend line, the RUT took almost a 4% hit.
Not bad if you’re in a May Bearish Butterfly but really bad if you’re a tight position during expiration week!
As for the website trades, I will give you a run down with accurate number during the weekly update, below is an estimate…….
The May Bearish Butterfly was unchanged and still up a few thousand dollars.
I ended up closing the April ROCK trade this morning at a profit of about $3500.
The April M3 was really tight and I had to close the trade at max loss which turned out to be slightly more with the speed of the market when I decided to shut it down .
I am attempting to hang in with the move on the April Bearish Butterfly and made it through the day. I am in 900 and 920 butterflies and near max loss numbers.
The April V condor is unchanged and still scheduled to expire.
The May v condor got a minor adjustment. I rolled the long put back to its original position.and that trade is down about $1500 with the IV spike.
That’s it for now