Hi All,
Quick trade update. There have been no changes to the open trades since the last post.
I entered the May 55 day butterfly last Thursday. I entered a 630/670/710 put butterfly for $9.30 and also added 3 – May 790 calls for 2 reasons, first is that I’m experimenting with hedging the upside since the market is so bullish and second to use these calls for the April position if needed to stop from hitting my max loss number. So in short the market goes up, they go with the April position, the market goes down I absorb them into the May position. Graph is below:
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