Nov M3 Trade – I knew I was not going to be able to watch the market enough for a trade this close to expiration with the large market movements that we have been having so…. I exited the November M3 trade this morning. I got creamed on the way out (I’ll spare you the details) so the profit is much less than it should be but still quite respectable given the market conditions that we’ve been in. The trade profit after commissions was $632 on a maximum investment of about $5600 for a total return of 11.3%.
Dec M3 Trade – I made another minor adjustment to this trade again today, I bought a 600/790 call vertical to further offset that extra butterfly I bought but am too stubborn to get rid of at a loss. The position is currently down a whopping $12.00 and is shown below:
December Bearish Butterfly – The market has settled quite nicely into the range of our position. Currently the trade is up $775 and looking good. If RUT actually settles down for a change we just might get out of this next week at our $3000 profit target and round off an excellent year for this trade. If not, we’ll just follow the market wherever it decides to go. Position is shown below:
That’s all for now, I’ll keep you posted with any changes 🙂