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2nd adjustment: Rolling the leftover butterfly down:
Once every few years this trade need many adjustments. I don’t think I’ve ever had to do this many though.
Here we go:
Orders:
New Risk Profile:
RUT at 1734 and deltas are getting too positive.
I’m rolling down this butterfly.
Order tickets:
New Risk profile:
RUT down almost 3%. Deltas are too positive and RUT breached the lower wing (again).
Order tickets: 
New Risk Profile:
Adding a 2nd butterfly to increase deltas. But this time I’m doing a 50×30 to avoid deltas being too negative.
Order ticket:
New Risk profile:
RUT is up 3% on the day. I am adding the 3rd fly again to expand the tent and increase deltas.
New Risk Profile:
Closing the higher butterfly.
Closing RUT trade. Took an opportunity on a market pop and closed the lower put spread first for 1.50db.
This is the leftover position:
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This reply was modified 3 years, 7 months ago by
Closing the rest of the position and exiting with a profit!
Total profit including commissions and fees: $264
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This reply was modified 3 years, 7 months ago by
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