Hi All,
I knew I was over adjusted to the up side last week. Oh well, you win some, you lose some.
This morning I bought 2x March 750/800/850 put butterflies. One for the 55 day and one for the method 15. This gives me 4 butterflies on the 55 day trade which is not normal but the capital level is reasonable so it is not a big deal.
The positions are shown below.
March 55:
March M15:
The April trade was unchanged and up about $210.
We’ll need to see how deep this pull back is but for now I’m still bullish and looking for 855 on RUT in the next month or so.
That’s it for now, happy trading!
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