09/24 RUT Iron Butterfly

RUT rolled down Today and the position adjusted itself thanks to all the contingent orders I had in place. The P&L dropped by a few percentage points, but it is still above water. I may have been a bit preemptive rolling those 610 calls up, but then again, not sure the picture would be much different right now (I would have purchased a long NOV CALL instead).

Notice the price action and VIPES chart in the bottom of this posting. You'll see that RUT has been more aggressive on its moves in comparisson with MNX. Today's pull back was stronger on the RUT.