Unbalanced Butterfly – Nov 25, 2016

 

Adjustments:

  • Dec 8 – Moved 1 x 2215 to 2210 to control delta/theta ratio
  • Dec 13 – Moved 1 x 2215 to 2210 to control delta/theta ratio
  • Dec 15 – Moved 1 x 2210 to 2205 to control delta/theta ratio
  • Dec 20 – Moved 1 x 2210 to 2205 to control delta/theta ratio
  • Dec 23 – Exited per guidelines front month 56 DTE -$17 loss

Unbalanced Butterfly – Oct 20, 2016

Adjustments:

  • Nov 3 – Price breached my short strike and therefore rolled the trade
  • Nov 15 – Moved 2 x 2090 to 2080 to control total theta
  • Nov 21 – Moved 2 x 2080 to 1 x 2075 & 1 x 2070 to control total theta
  • Nov 22 – Moved 1 x 2075 to 2070 to control TTh
  • Nov 25 – Exited per guidelines at front month 56 DTE – $242 loss