I am behind a bit on the updates. We had a bad storm come through on Tuesday and got some storm damage as well as losing power and internet. I am finally up and running again.
The August Bearish Butterfly in unchanged.
The August m3 got some minor adjustments. On Tuesday I added 1 – 760/770 vertical for 7.80 and today (Thursday) I added 1 – 770/780 vertical for 7.75. As of right now the position is down $490, mainly from the poor entry. I plan on rolling the 750 butterflies up to 770 if the market can show a little strength and get over 810 – 815 but for now we sit making minor mods till movement picks up a bit.
I’ll keep you updated, happy trading!