Hi All, With another big run to the up side yesterday and prices holding steady so far today, I finally rolled and added to the October 55 day butterfly. I sold the 540/590/640 butterfly’s and rolled them up to 580/630/680. I then doubled the size so that we now have four put butterflies at 580/630/680. […]
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September 10, 2010 Trade Update
Just letting you know that I exited the September method one butterfly yesterday at a profit of about $160. There have been no changes in the October 55 day position. I will be looking to getting into the rest of the October trades and possibly the November 55 day next week. That’s it for […]
Sept 7, 2010 PM Trade Update
Hi All, Realized it was 9 days till expiration and decided to exit the Sept. method 15 this afternoon at the minimal profit target of $700. With the down move today, the trade was closed with a profit after commissions of $705 on $1460 total risk for a 48.3% return on capital at risk or […]
September 7, 2010 Trade Update
Hi All, I apologize but I missed posting an update on an adjustment of the September method one trade. I closed the 630 iron butterfly and rolled down to a 600/620/620/640 I am butterfly early last week. This turned out to be a mistake as the Russell decided to gain almost 50 points over the […]
September 2, 2010 Trade Update
Hi All, I exited the September 55 day trade this morning as the market was getting a little hot on the upside. The trade was closed for a profit after commissions of $972. The maximum amount of capital in the trade was $3478 which gives us a profit of 28% on invested capital or 19.4% […]
August 24, 2010 Trade Update
Hi All, I haven’t given any trade updates in the last week because nothing is changed. I had planned on selling the September 55 day trade earlier but the market’s been so good to us that I am still in it. Currently the position is up $840 and the total amount of risk in the […]