Hope everyone on the East coast survived Irene.
Big up day in the markets yesterday. This morning I adjusted both the M3 and 55 day RUT trades.
On the m3, I sold the 640 butterfly and bought a 630/680/730 put butterfly. The position is up about $50 and is shown below:
On the 55 day trade, I added the second 1/3 of the trade by purchasing a 650/700/750 put butterfly. The position is down about $150 and is shown below:
That’s it for now, I’ll keep you updated on any changes 🙂