1065 was the closing price today, so it’ll be time to add in the morning.
We’ll be looking at the 990/1040/1090 put butterfly. You could *technically* use an iron butterfly but we’re going to stay consitent with the positioning.
I’m concerned that this trade could end up getting away from me, simply from how the market is trading. If we need to add the third round of butterflies, it will really have to be a “whites of their eyes” kind of trade where we really need to make sure that the market is due for some reversion.