I made a valiant effort to exit the October M3 trade at $500 profit once again yesterday but the orders would not fill at the price I needed. With the push down yesterday, I did need to do something, so I removed both the 640 and 660 put butterflies for whatever I could get and got a really good fill on a 570/620/670 put butterfly. The position still shows that it is up close to $500 and is shown below:
The November M3 hit it’s adjustment point late yesterday afternoon but it was too late in the day to do anything about it. The position is currently down around $150 which is no big deal. I will likely roll the butterflies back sometime today. The current position is shown below:
And last, the November 55 day position is loving the volatility as usual . The trade is up about $220 and is shown below:
There will likely be some changes today which I’ll update before market open tomorrow.
That’s all for now.
Make it an awesome day!
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