Tuesday, October 27, 2009

10/27 RUT Iron Butterfly

I wasn't planning on doing any adjustments on the RUT trade by end of day Today, however, in the final minutes we pushed lower and I decided to trim off some deltas by using a debit PUT spread.

Now it is a matter of watching the volatility, once it backs off, even by a little bit, the trade will get a lot better!

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