Quite a run we’re having in the markets! If you read the post when I entered the November bearish butterfly, I mentioned that it was very bad timing to enter this trade as we were at a major support level and I was anticipating a move back up to resistance. Unfortunately, I was right, but that’s OK, the trade is still doing fine despite the very large up move.
Today I made the following moves:
November bearish butterfly – Rolled the 670 butterflies to 730. Position is down $1166. Max loss $3,000. Position is shown below:
Nov M3 – Rolled 640 butterflies to 670. Position is up $ 143. Max loss $1000. Position is below:
Dec bearish butterfly – Added 2 -700 butterflies. Position is down $215. Max loss $3000. Position is below:
Dec M3 – Position is unchanged. Down $50. Max loss $1000. Position is below:
It would be nice for the market to give us a breather. The Nov 55 is starting to feel some pain but nothing to bad. Otherwise all is good!
That’s it for now.