Good Morning All,
I added 3 – 76 IWM calls to the December M3 position to help with upside Gamma trend in the event of a Romney win last night. Apparently, I didn’t need to worry about that as it was not a very close decision.
I would expect a bit of volatility this morning as the big guys take advantage of the news and flush out as many long positions as they can before they resume buying.
That’s all for now, I will keep you updated with any changes.
Basic bearish Butterfly
May/June advanced Bearish Butterfly
Forrest one of my students on SMB…Trading the M3
M3 launch meeting