Another day up! That makes 18 out of 20. There were no adjustments yesterday. Today, I decided to pull off the March method 15 trade at a loss of $736 and put the capitol towards the March 55. Currently, the account has a little more than $26,000. Since I am out of the March method 1 and method 15 now and planned capitol on the April 55 is only $5000, I have a total of around 21k I can have in the March 55 trade. Also, I am allowed to lose a total of $4200 on the account this month ($800 on method 1, $1400 on method 15 and $2000 on the march 55), since I got out of the method 1 at max loss and lost only around $750 on the method 15, I’ve got about $2650 I can risk on the 55 day trade this month. So the new amounts for the last remaining trade are: max capitol $21,000/max loss 2650/profit target, still $1500.
Today on the March 55 day I removed the 3 – 610/650/690 butterflies and rolled them to 3x 630/660/690 call butterflies. Also, I added 2- 640/670/700 butterflies. Currently the position has $12,928 invested and it is down $1350. Current position is below:
The only other open trade is the April 55 day trade. Today RUT hit the next adjustment point of RUT=670 and I removed the 560/600/640 put butterfly and rolled it to a 620/660/700 call butterfly. Currently things are going as planned, the position is down $1063 and is shown below: