I made adjustments to both November trades this morning.
November M3 – I bought a 720/730 call spread to help with upside risk. The position is currently up $650. I’ll need to seriously consider exiting this if the position gets up over $750 but for now, I’m hanging in there. Position is shown below:
November bearish butterfly – I sold the 2 – 710 butterflies and bought 2 more 690/710 call verticals to cut upside risk. The position is currently up $1700. If this position gets up over $3000 or if the market acts up, I will look for an opportunity to exit the position. The position is below:
All we need is for the market to chill out for a few days and we can get a good profit on both if these trades, if not, I’ll hang in there as long as I can.
That’s all for now, happy trading!