I went ahead and rolled back 1/2 of my 730 butterflies to 710 on the July M3 trade. It was a little early but I’m pretty bearish over the next week and am preparing for an anticipated move to the 720 area. The really great thing about this trade is that if the market does not do what we anticipate and it bounces, then the position will be just fine.
That’s it for now, happy trading!
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