The move up in RUT Monday was good for our positions. All trades gained value yesterday. The only thing I did to the positions was to roll the 580/620/660 put butterfly back to 570/610/650 to flatten Delta a little on the Feb 55 day trade. Position looks like this as of 9:37AM this morning (Tuesday): […]
Options Trading for Income Weekly Update
1-31-10 Trade update
Thursday we did not have an update as nothing changed. We had a 10 point down move and it did not effect the positions much. On Friday however the market continued down and started to effect the trades a little. The Feb 55 day RUT trade was adjusted again. I rolled the 600/640/680 call butterfly […]
1-27-10 Trade Update
Early in the day, it looked as though RUT was going to have another bad day but in the afternoon it turned around and closed with a gain of $6.22 or +1.02%. Unfortunately during the day it traded below 610 which triggered an adjustment on 2 of the trades. On the Feb 55 position, I […]
1-25-10 Trade Update
Pretty flat day today. With the Feb 55 day RUT I decided to roll back the 610/650/690 call butterfly 10 points to 600/640/680 The current position looks like below: On the Feb 30 day method 1, I decided to take off the whole position at a very small profit and roll it down 10 points. […]
1-24-10 Trade Update
Wow, pretty bearish week on the market. Our sample trades, in general, are still doing OK. It appears, at least for now, that I made a mistake buying the 650 butterfly on the Feb 55 day position. I was confident the market would hold the 625 area and bounce, It did not. So, on Friday, […]
01-20-10 Trade Update
That pullback in RUT today felt good and all the trades are up money right now. The only change I made was to the February 55 Day Trade. I added a 610/650/690 call butterfly for $16.00. The new position looks like this: