July 27, 2010 Trade Update

Hi All,

I’m still on the road so updates may still be delayed.

Today I made several adjustments. On the Sept 55 day butterfly, I rolled the 600 put butterfly to a 580/630/680 Put butterfly, I did not add to the position size. Position is down $375 and current capitol is $1355. Planned capitol $5000. Position is below:

The August method 1 was rolled up 20 points and doubled in size. It was rolled from 620 to 2x 620/640/660 iron butterflies. The position is currently down $160 and we have $620 of our $4000 “planned capitol” in the trade. Position is below:

On the August method 15, the 610 put butterfly was rolled up on top of the 610/660/710 put butterfly. It is currently down $645 and has $4615 of our $7000 planned capitol invested. Position is below:

That’s it for now, happy trading!