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January Trade Update

December 29, 2009 by John Locke Leave a Comment

Not much happened Monday on RUT so I left the 2 30 day trades alone and they look about the same as the last update. On the 55 day trade, I took advantage of the flat day and rolled the 550/590/630 butterfly up to 560/600/640 AND added the last 1/3 of the position by buying a 600/640/680 call butterfly. We are now just about at our expected capitol of $5000. The plan is to roll the 640 butterfly up if RUT exceeds 640 or roll the 630 back to 620 if RUT drops under 620. Meanwhile if it just hangs around here, so do we. Here is what the 55 day looks like:

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Filed Under: Options Trading for Income Weekly Update

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