The bulls have taken RUT out of the entry range for the November Iron Butterfly.

As stated in the trade guidelines, it is not recommended to enter a new RUT Iron Butterfly if RUT has moved over a one-day standard deviation in either direction. According to the calculation on my broker's platform, that would be a 13 point move. As of this writing, RUT is up over 13 points, so it is not recommended to enter a new position today.

There is plenty of time to enter a new position tomorrow if the market conditions are within the guidelines.

A trade update will be posted if an order is submitted for trade entry tomorrow.

For those unfamiliar with the guidelines, they were re-published September 25, and that article can be found here:

Link to Articles

As always, stay keen on your risk management and trade carefully,

Dot Hazlin