With the help of the down move yesterday, I was able to complete the roll the Jan M3 that I started on Wednesday, at the prices I wanted. I ended up pulling out of 1 – 660 butterfly early in the day at $6.20 to flatten my Delta down. This put me in a safer position but meant I had to sell the other two butterflies at a higher price to make up for my IWM loss. I ended up selling the others at the end of the day for $6.95, then, quickly sold the extra IWM call. The result is that I’m back down to normal position size and I got the prices I needed on the roll and made up that artificial $500 loss from yesterday which would have been “locked in” had I forced the roll. The position is now at break even and is shown below:
The January bearish butterfly is unchanged is is up about $500. Position is shown below:
I’ll update with any changes, otherwise have an awesome weekend!