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December 12, 2012 Trade Update

December 12, 2012 by John Locke 2 Comments

Hi All,

Yesterday,

I added 2 840 butterflies and 2 860 butterflies onto the Dec Bearish butterfly position.

I rolled the 790 butterflies to 810 and added 10 830 butterflies to the Jan Bearish Butterfly position.

I sold the last 770 butterfly and added 1 810/820 call vertical to the Dec M3.

I entered 1/2 the January M3 position by buying 5 800 butterflies and 1 750 RUT call.

That is it for now, happy trading!

 

 

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Filed Under: Options Trading for Income Weekly Update

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Comments

  1. Tano says

    December 12, 2012 at 10:47 pm

    Hi John, is there a reason you entered the Jan M3 with only 36 DTE and not sooner? I entered mine on Nov 21 and it sure has been an interesting/annoying grind up in the RUT price AND volatility which is hurting my position. Thanks, Tano

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    • admin says

      December 14, 2012 at 9:37 am

      Hi Tano,

      The only reason January entry was late and only 1/2 entry was due to capital considerations in the website M3 account. Th remainder will be entered when December closes.

      John

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