The time spread / calendar part of the trade hit its profit target and I removed it for a nice 20% profit (not taken into account commissions).
In for 9.50, out for 11.40 * 3 times = $570 minus $8 commissions. Not bad for a trade which started of as a hedge for the increase in volatility.
I will give a general tally of P/L when we finish this month.
Below you see the position as it is currently without taken into account the profit from the calendar or from the first butterfly. As said we will add up later.
The plan is to sit on hands during the trading day, and when we have a close beyond 810 or 785'ish to adjust.
The planned upside adjustment is a buy back of the 790/840. Not sure if I will sell extra 840/890 since there is not much money to be made for a lot of risk.
Reply With Quote