5/27 Beta Weighted Portfolio

5/27 DIA Iron Butterfly

I am still getting a handle on how to manage the iron butterflies, I'm sure I over-traded this position in the beginning, so I decided not to touch it at the end of the day Today. We'll see how it works out.

One of my lessons learned is that I have to let the trade work the first week, then I can get into profit protection mode, otherwise I'm defending $0 profits all the time..

5/27 SPY Calendar

I have yet to see profits on the position, it is still under the "tent", so I'm not concerned. But it goes without saying that calendars are a bit unpredictable when it comes to P&L, some times it gives you a lot in a few days, some times it gives you nothing for a while..

I keep them very small on my portfolio

5/27 MDY 30-Day Condor

The position is back at looking great Today. I was lucky it didn't hit the adjustment point like it did on RUT. I also enjoy the fact I started slightly more bearish than usual, and it continues to pay off.

5/27 RUT 30-Day Condor

RUT hit the 502.50 level Today and fired up the first hedging. I had posted my technical analysis Yesterday and mentioned that a push up-ward would hold not much strengh if it came without first retracing.

Well, I didn't want to bypass my trading management rules, but I honestly did not expect RUT to trade much higher, the compromise I found was to hedge the position but not cutting deltas in 1/2, I cut less than half, and as it turns out, RUT did fall back to 490 by the end of the day.

5/27 RUT 50-Day Condor

Closed out the position Today, No sense in holding this for all this extra time in order to gain only an extra 2.5%, another reason is that it is time to enter the JULY 50-Day condor, so I'm re-setting the capital and entering a new position.

5/27 VIPES