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BTO RUT 29 JUL 1820/1870/1920 PUT BFLY for 4.89db
I will be scaling into a bearish butterfly. Planned capital is 5K and looking for about 30% ROC
RUT crossing above 1910 will trigger a 2nd tier.
My aim is to scale into 3 flies 20 pts apart from each other as RUT moves up. Together they will form the bearish fly.RUT crossed 1910 and triggered the 2nd tier entry.
I’m adding another 50 point butterfly:
New risk profile:
Trade adjustment:
I’m closing the 2 butterflies and open a new one centered at 1700.
STC RUT 29 JUL 1840/1890/1940 4.53cr
STC RUT 29 JUL 1820/1870/1920 4.69crBTO RUT 29 JUL 1650/1700/1750 4.50db
Trade adjustment:
Adding a 2nd tier to our RUT butterfly
Nice follow Gabe
I’m rolling the lower butterfly up. Not adding a 3rd fly in order to keep deltas from going too negative:
Order ticket #1
Order Ticket #2
New Risk profile
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This reply was modified 3 years, 9 months ago by
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I’m going to start unwinding this position.
Closing the lower butterfly first:
New Risk Profile:
I’m taking profits here after 32 days in this trade. RUT is looking bullish and we have negative deltas. At 21 DTE I don’t want to be doing any more adjustments. I rather start a new trade.
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This reply was modified 3 years, 9 months ago by
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