I made the adjustment to the June M3 this AM. I rolled the 730 butterflies to 750 and added 5 – 750/770 vertical spreads. The position is currently up $247 and is shown below:
The July Bearish Butterfly was carrying too much Delta and the price of RUT was not high enough to roll the 770 butterfly to 810, therefor, by guidelines, I removed the 770 butterfly and the position is back to a single 790 butterfly. Position is below:
The August 55 had a Delta/Theta issue, and therefor, by guidelines, I rolled the 750 butterfly to 790. Position is below:
That’s it for now, have a great 4th!