Hi All,
Big up day in the markets today, and as expected, we needed to reposition.
On the October Bearish Butterfly I added the 2nd third of the position by buying 1 – 780/830/880 Put Butterfly.
The September M3 ended up needing a major reposition, the adjustments are as follows: Bought 2 810 put butterflies, sold 3 770 put butterflies, all with 50 point wings. Bought 2 800/810 call verticals, bought 2 800/810 call verticals and sold 2 750/790 call verticals.
I’ll cover this in the weekly update as well as any changes that may occur on Friday.
John
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