Hi All,
I repositioned the Dec M3 trade yesterday. The position is now +3 790 butterflies, +1 770 butterfly, + 3 770 calls, -1 810 call and -1 820 call.
I also added an additional 840 butterfly to the Dec Bearish butterfly position.
Both positions are within a few percent of break even as of last night. The up move this AM will hurt both positions if it holds but should be recoverable.
The January Bearish Butterfly is unchanged.
Happy Trading,
John
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