I did minor adjustments yesterday morning on both the January 55 day and method 15 trades because the market gapped up, I was going out much of the day and I was concerned about the possibility that the price move may continue. The adjustment was to roll the 790/840 side of the butterfly to 800/850. I did this by purchasing a 790/800/840/850 call condor. So the combined position currently stands as 8x 740/790/800/850 call condors. If the market continues up I’ll roll the 800/850 side further out as needed. I will likely need to start reducing size or I may need to close one of the other trades, if we need to roll out again, as we are almost maxed out on account margin. The other trades remain unchanged. As of close yesterday, the Jan 55 day trade was up about $600, the Jan m15 was up about $1000. The Feb 55 was up about $100 and the Jan SPY trade was up about $70.
I will have limited access to computer for the next week a half so updates may be slow. I will attempt to update ASAP after an adjustment but it may take a day or so.
That’s it for now.