I had some website glitches last night and was unable to update the site till now.
Yesterday, I added 5 – 810/820 call verticals to the November M3 trade. As normal the trade was posted on SMB virtual trading floor when it was done. I apologize for the delay on this end.
I have this unwritten rule that “If I am up 20% of planned capital on a bearish butterfly that is only 1/3 entered. I should take the money and move on.” I say this because the trade would be up around 80% of actual invested capital and I really should not expect too much more from the trade and there is not much point in risking a big move only to have to fight the position into expiration at this point.
Therefor, I closed the November Bearish Butterfly today for a $1030, a 20.6% gain on “planned capital” of $5000 OR a 75% gain on invested capital of $1365.
That is it for now and I will update you with any changes.
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