Hi All,
Let me give you a quick position update and I’ll provide a move comprehensive update later in the week.
The July m3: I sold all 7 – 750 butterflies and bought 6 – 770 butterflies. Then added 2 – 770/790 call spreads. as the position sits, it is -28 Delta, +0.72 Gamma, +61 Theta and -30 Vega. The position is down $350 +/-
The July Bearish Butterfly – If you remember this was at a single 790 position. Today I added an 810 and an 830 per guidelines. The position is currently down $450
The August Bearish Butterfly – I added the 810 butterfly today. The position is currently down $988
I’ll see if I can get some pictures or a video in before Thursday.
Have a great 4th!
John
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