RUT November Iron Butterfly Adjusted

Adjustment filled for $8.55 debit. RUT was at approximately 1135 when the order filled.

The graph of the adjusted position is below:

RUT October Iron Condor after adjustment:

The position summary after the adjustment is as follows:

SHORT November 1140 Call

LONG November 1190 Call

SHORT November 1120 Put

LONG November 1070 Put

With RUT up almost 20 points today, I was hesitant to make the adjustment too early. However, I always feel it's best to not second-guess the market and interject my "opinion". Following the trade guidelines takes the emotions out of the equation, so I acted according to the plan.

The next adjustment trigger point on the upside will be 1140, and remain at 1110 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,

Dot Hazlin