I made a few minor adjustments on both M3 trades yesterday to deal with Vega risk on an up move since both trades are way outside the tent, so to speak.
On the Dec M3 I sold a 680/690 put spread. The position is currently up around $800 and is shown below:
The January M3 got another vertical as well. I bought another 660/670 call vertical. I’ll be looking at rolling the butterflies up soon, possibly today. The position is currently down about $150 and is shown below:
The bearish butterfly remains the same and is shown below:
I’ll update with any changes.
Happy Friday, have an awesome weekend!
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