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!