I did not open the extra butterfly for the theta recovery Yesterday, as I mentioned earlier, selling a position by end of day on Friday is not the best way to go, plus there is still theta on the trade because we backed off from the edge of the butterfly. So all I did was to “debitize” one of my back month calls by selling a further out of the money call to cut some of the deltas. Depending on where we are on Monday I might open a new butter to bump up the theta, we’ll see.
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