Since the last update on Friday morning, the Russell 2000 is down another 14 points, that makes about 85 points in the last 11 trading days.
The August 55 day trade is handling this no problem. Today, I sold the 640 butterfly and currently the position is 2 – 560/610/660 put butterflies. The position is up around thousand dollars and doing fine.
The method one trade is having some trouble keeping up with the large move this late in the trade. I had to double and roll down another 10 points today and currently this down about $350. I have a picture of the position but am having trouble posting and have no time to fool with it today, I’ll get it out soon.
The method 15 trade is doing okay but will have issues if the market keeps dropping. I had to double down and roll the position down 10 points today. Currently the position is at break even. Again, I’ll get the picture out as soon as I can.
Leave a Reply
You must be logged in to post a comment.