06/02 DIA Iron Butterfly

With DIA at 87.7 I decided that the position needed extra Theta. So I used a butterfly roll to get rit of a couple of the short 85 CALL contracts, re-selling them at 88. This eliminated the "delta hogs" and gave me some more theta. I also wanted to lean bearish again, provided the overall market (expect RUT) did not show strong signs of bulish sentiment. I've posted the before and after pictures:
Here is the position after I adjusted. I plan on hedging again if we get to 88

This is the position where I decided to adjust, notice I was really low on Theta.