Today we had a moderate up day in RUT. It did not hurt the 55 day RUT trade but it did put it close to the area where we want to add the last 1/3 of the position. Today the position had a very small gain. We’ll need to see what happens tomorrow but another up day will likely force us into a 590/630/670 butterfly.
On the 30 Day Method 1, we did not hit the adjustment point but we were close. What I decided to do was to roll back the 620/640 call spreads to 630/650. This widens the trade out a little and makes 630 the next adjustment point. The trade lost about $45 today but is still in the green and looking good.
The method 15 trade was close to an adjustment point all day and I chose to leave it alone. The trade lost $180 today so it got hit pretty good. It is down about 4% of invested capitol but still looks fine. Another up day tomorrow would force us to add to the position.