Hi All,
Happy June!
The market went back up yesterday morning right after the update and as I stated, I added to the positions.
For June I bought 2 810/860/910 call butterflies, one for the June 55 day trade and one for the June m15.
The June 55 day trade is currently up $850 and is shown below:
The June m15 trade is currently just under break even and is shown below;
For the July 55 day trade, I added a 790/840/890 put butterfly. The position is currently down about $130 and is shown below:
I’m planning on keeping the June 55 day trade on a short leash. Should the markets pull back hard, and I can catch it, I’ll likely pull the trade as I would rather not deal with the whipsaws close to expiration like last month but we’ll see.
That’s it for now.
Make it an awesome day!
John
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