The RUT finally backed off a little. This put the Dec Bearish Butterfly at the peak of the T+0 line on my expiration graph and made an excellent time to exit. The position ended up being exited at a very small loss of -$855 after commissions or -1.2% on our $50,000 planned capital. Considering the double whipsaw and the extreme move up into expiration, I am very happy with the results. This rounds off another good year for the Bearish Butterfly and I am looking forward to 2013!
The December M3 is still open, I am looking for an opportunity to close this at a small profit. We shall see what happens today.
The Jan m3 and Bearish Butterflies are unchanged.
That is all for now, make it an awesome weekend!