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

Unbalanced Butterfly – July 22, 2016

Adjustments:

  • Aug 12 – Moved 1 x 2175 to 2170 to control delta / theta ratio
  • Aug 26 – Exited the trade at 56 DTE of front month +$349

——- Continued to simulate this trade this until 7 DTE or reaching Max Profit ———

  • Aug 26 – Moved 1 x 2170 to 2165 to control delta outside tent
  • Aug 30 – Moved 1 x 2170 to 2165 to control delta outside tent
  • Aug 31 – Exited trade at 16 DTE for +$542