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Reply To: Scaling Butterflies in RUT

Home › Forums › Income Trades › Scaling Butterflies in RUT › Reply To: Scaling Butterflies in RUT

April 29, 2016 at 10:12 am #5606
Steven Place
Keymaster

This trade is in a pretty good place… unless the market decides to rip next week.

What I am going to do is close the lower end of this butterfly to cut capital and cut risk.

Sell to close RUT May 1040/1090/1140 Put Fly @10.50

Full size.

With the original entry at 11.30 and the add at 10.00, basis was 10.65 so this is a small loss.

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