Reply To: Scaling Butterfly in RUT

[Steven Place]

This trade is up around 20% and we’ve got 30 days left to expiration, so this is the right time to exit out.

Sell to close RUT May 1180/1230/1280 put butterfly @ 13.50

If you *wanted* to try and milk it further, you could simply buy some Jun call spreads to hedge your upside risk.