06/05 RUT 30-Day condor

With the trade being down 15%, and going through the weekend at the 430 level, due to negative Theta I would be at max loss on Monday. I wanted to do something other than taking the loss, so I came up with a recovery plan and went for it! No guts no glory.

See the recovery plan blog I posted earlier Today. If anything, next time I'll give serious thoughts about releasing this recovery plan earlier, I let the trade SIT in negative theta state and lost ground due to neg. theta and a further drop in volatility.