I made a few adjustments today.
On the Dec M3, I FINALLY corrected my mistake on entry and was able to put the trade into the position it was supposed to be in to start with….. without taking a loss on the error 🙂
I sold the extra 680 butterfly and sold a 690/700 call vertical and am now in the position that I “would have been in” if I entered the trade properly. The position is currently up around $890 and is shown below:
On the December bearish butterfly, We have an adjustment point of RUT = 700 and we’ve spent enough time down here at that level to warrant removing the 760 butterflies. Currently the position stands at 2 – 720 and 2 – 740 put butterflies. We are scheduled to reduce our profit target from $3000 to $1000 on Thursday, which is Thanksgiving, so depending on the market movement and assuming the trade has more than $1000 profit, I’ll either exit this tomorrow or Friday. If for some reason the profit is under $1000, I’ll stay in but that is not likely. The position is currently up about $1850 and is shown below:
That’s all for now.
In case there are no more updates before Thursday, have a great Thanksgiving!