Quite a day in the markets today!
I made an adjustment on the method 3 trade. The move is not according to “the rules” because this trade was way past the adjustment point due to the current market conditions. I may end up altering the rules a little for this type of situation. For the adjustment I added a 690/740/790 put butterfly. As of this writing, the position shows me down about $220 but the t+0 line is all over the place, so I’ll have to wait til the market settles to really know. I must say that I am very happy with how well this trade has handled the down move. A hard down move right after initiation is the worst thing that can happen to this trade and it has handled it pretty well. A picture of the new position is below:
And below is a picture of the new Sept 55 day position. It is down about $50, nothing to get excited about 🙂
That’s it for now, I hope everyone made out OK today,
Can’t wait for tomorrow!
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