06/05 RUT 30-DAY Condor (Recovery Plan)

As we approach closing on this Friday, my RUT 30-Day condor is not in conditions to go over the weekend, it is Theta negative and with large possibility of opening up Monday on Max Loss. I decided to do something about in lieu of letting it die on me.

The picture bellow is my answer: I added 1 Iron Butterfly to neutralize the position and bring as much theta as possible. The scenario as I see is positive even if we gap 1 st. deviation at the opening on Monday. My plan is to navigate this trade untill Friday of next week, and I expect to make money on it.