Hi All,
I was looking forward to pulling the January M3 position off yesterday at profit target, but alas, we had another one of those gap and runs that the market has been throwing at us lately. Therefore, I was unable to get the position off for what I wanted and am still in. Since yesterday’s market conditions were not favorable for an adjustment, I chose to wait till today to do anything.
Today, I bought 1 – 690/700 call vertical to bring down Delta a bit on the January M3. The position is currently up about $720 and is shown below:
The January Bearish Butterfly remains unchanged. It is up around $1400 and is shown below:
That’s all for now,
Happy Trading!
Leave a Reply
You must be logged in to post a comment.