Today is not a good entry environment for the June Iron Butterfly.
Today was the planned entry day for the RUT June Iron Butterfly. However, as of this writing, RUT is up over 14 points which is over a one-day standard deviation and outside our trade entry guidelines. This does not bode well to jump in to a new position today so there will not be a trade recommendation for the June play.
I will evaluate tomorrow and send out an alert if it looks like a better entry day.
Trade updates will be posted as appropriate.
As always, stay keen on your risk management and trade carefully,