Home › Forums › Income Trades › Scaling Butterflies in RUT › Reply To: Scaling Butterflies in RUT
March 19, 2016 at 10:19 am
#5064
Cody
Participant
Great call on putting on the hedge Steve. Looking at some analytics this morning, I’m showing enough profit from the calls to cover the current loss on the original 950/1000/1050 fly just like you mentioned in the post above. So it seems like it would make a lot of sense to close/roll that up to something like 1030/1080/1130 next week. Unbalancing it could make sense too, like the 1030/1080/1120 which would flatten out some of the short delta, but it does decrease profit potential on a pullback. Curious to see where we end up on this one.