Good Morning and Happy Valentines Day!
The RUT has continued to march up through the State of the Union Address and touched 920 yesterday as expected.
On the February Bearish Butterfly, I removed 2 890 butterflies on Tuesday and 4 890 butterflies on Wednesday. It is currently sitting up about $5500 and will be either closed or “locked down” if the market acts up today.
The Feb M3 was locked down last week is is waiting to expire at a small profit.
The Feb V-Condor was locked down yesterday to expire with a profit of $5306
The Feb ROCK trade got 2 890 calls on Tuesday and 2 890 calls yesterday. That trade is up $5206 as of yesterday and will be closed or locked down with any aggressive move today.
I added the 920 Butterflies to the March Bearish Butterfly yesterday, that trade is down a few percent but looking really nice and last but not least the March V trade is unchanged from the last update.
That is all for now, I will post the conclusion of the Feb trades with the weekend update!