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January 25, 2013 AM Trade Update

January 25, 2013 by John Locke Leave a Comment

Good Morning!

RUT continues its move into the stratosphere, creating new all time highs once again!

As I indicated on a previous update, I am transitioning to “into expiration” guidelines on the February Bearish Butterfly. Therefore, I ended up removing all if the 870 butterflies to get Delta under control. Currently the position is 10 890 and 10 910 butterflies and is down $4900, less than 1/3 to max loss.

I also had a Delta Theta problem with the March Bearish Butterfly and rolled the 880 butterflies to 900.

The February ROCK trade got an adjustment as well, I added 3 920 call butterflies, this position now has 10 880 put butterflies and 9 920 call butterflies.

The M3 Greeks are out of whack but remains unchanged from the last update.

That’s it for now, happy trading!

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Filed Under: Options Trading for Income Weekly Update

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