RUT December Iron Butterfly Adjusted
The upside adjustment for the December position filled for $8.88 debit. RUT was at approximately 1181.20 when the order filled.
The graph of the adjusted position is below:
RUT December Iron Butterfly after adjustment:
The position summary after the adjustment is as follows:
SHORT December 1190 Call
LONG December 1240 Call
SHORT December 1170 Put
LONG December 1120 Put
PLUS: LONG December 1250 Call.
The position is now a 20 point wide Iron Condor with the extra long call.
The next adjustment trigger point on the upside will be 1190, and remain at 1160 on the downside.
The trade guidelines were most recently published on October 22, and can be found here: Link to Articles
Trade updates will be posted as appropriate.
As always, stay keen on your risk management and trade carefully,