06/30 SPX Iron Butterfly

SPX hit 930 early in the day and executed my butterfly roll. I moved one of the Short 895 CALLS and rolled into the 930 CALLs, it gave me flat deltas and a lot more theta to work with. In reality, I would have done this adjustment at Yesterday's close, but I was too focused on the live trade and didn't pay attention to SPX in the final hour.

With Today's price movement, I have 24:1 theta:delta ratio, so Tomorrow will be more profitable than Today, unless we have a huge price movement. Bellow are my next adjustment points.

Position's history day-by-day:
06/29 SPX Iron Butterfly
06/25 SPX Iron Butterfly
06/24 SPX Iron Butterfly
06/23 SPX Iron Butterfly
06/22 SPX Iron Butterfly

Return to home page