Early in the day, it looked as though RUT was going to have another bad day but in the afternoon it turned around and closed with a gain of $6.22 or +1.02%. Unfortunately during the day it traded below 610 which triggered an adjustment on 2 of the trades. On the Feb 55 position, I sold one of the 580/620/660 butterflies and rolled it back to 560/600/640. Currently, we have $4018 of our $5000 “planned” capitol in the trade and the position is up almost $800. The target profit is still $1500 and the max loss is $2000. Position is below:
On the Feb method 1, we hit the long strike on the downside and another adjustment was needed. Again, instead of doing the “normal” adjustment and roll the position into a condor, I decided to roll the whole butterfly down 10 points. I don’t know why but I’m really hesitant to jack up the capitol with this trade this month. Anyway, we currently have $980 of our $4000 “planned” capitol invested and the position is just over break even. Profit target is $800, max loss is $800. Position is below:
The Feb method 15 is doing well. This trade has had no adjustments since it was entered. We currently have $1850 of our planned $7000 in the trade and the position is up $770. The profit target is $1400 and max loss is $1400. Position is below:
And last but not least is the 55 day March trade. Currently we are 1/3 entered and 1/5 invested in the position with $890 of our $5000 planned capitol and the position is up $345. Profit target is $1500 and max loss is $2000. Position is below:
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