5/21 Beta Weighted Portfolio

After adjusting the DIA Iron Butterfly, I got even better Theta:Delta ratio for the portfolio when Beta weighting it to RUT. Now sitting at a great spot.

5/21 MDY Condor

Being slightly bearish at the beginning of the trade paid off Today, it is closer to the middle and profitable. Good start.

5/21 DIA Iron Butterfly

I learned a lesson Today, when DIA was at 42.40, I decided to hedge the position buying an extra long JUL Put. First, it was middle of the day, and I brought delta down to zero. Then DIA moved back up at the closing and I was delta negative by quite too much. I exchanged the puts and brought the trade back to 1:1 ratio.

In future adjustments, if I have to do it intra-day, I'll cut delta in 1/2 and then look at it again at end of day.

5/21 SPY Calendar

SPY moved down Today, but Volatility increased by quite a bit, that is helping the position for sure. Still within the B/E zone, so no adjustment needed.

5/21 RUT 50-Day Condor

Tried to exit the trade Today, got nowhere with fills, I guess it is so well centered it makes no sense to hurry to exit it. If we go down and I can't take it off, I plan on hedging.