Summary of November RUT Iron Butterfly

For those of you following/trading the monthly Iron Butterfly, I felt it may be helpful to outline the exact entry, adjustment, and closing prices. We took a loss this morning greater than the planned max loss, but it could have been much worse than I posted earlier. A summary of our position and prices are as follows:

Position entry October 22:

SOLD November 1120 Call

BOUGHT November 1170 Call

SOLD November 1120 Put

BOUGHT November 1070 Put

Net credit (all four legs): $33.60

Adjustment #1 October 28:

BOUGHT November 1120 Call

SOLD November 1170 Call

SOLD November 1140 Call

BOUGHT November 1190 Call

Net debit (all four legs): $8.55

Adjustment #2 October 29:

BOUGHT November 1140 Call

SOLD November 1190 Call

SOLD November 1160 Call

BOUGHT November 1210 Call

Net debit (all four legs): $8.03

Position closing October 31:

BOUGHT November 1160 Call

SOLD November 1210 Call

BOUGHT November 1120 Put

SOLD November 1070 Put

Net debit (all four legs): $24.03

If there are any questions on the trade details, please send me an email.

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

Dot Hazlin