Tuesday, August 25, 2009

08/25 RUT Iron Butterfly

Today I added to the RUT position, decided to open another iron butterfly at the 590 strike, this allows me to pump up the up-side break-even and really jack up the theta. I wanted to add 2 contracts, but made a mistake while entering the order and ended up with 3, not a big deal, just extra theta and more inventory to manage if we start rolling to the down-side.

Previous Posting:
08/24 RUT Iron Butterfly

No comments: