RUT March Iron Butterfly Adjusted

The upside adjustment for the March position filled for $7.70 debit. I am working from a remote office with spotty internet connection, so I made the adjustment before connectivity is lost again. Adjustment details are:

BOUGHT RUT March 1010 Call, 31.20 debit.

SOLD RUT March 1060 Call, 7.00 credit.

SOLD RUT March 1030 Call, 19.20 credit.

BOUGHT RUT March 1080 Call, 2.70 debit.

Net debit (all four legs): $7.70

The graph of the adjusted position is below:

RUT March Iron Butterfly after adjustment:

The position summary after the adjustment is as follows:

SHORT March 1030 Call

LONG March 1080 Call

SHORT March 1010 Put

LONG March 960 Put

The position is now a 20 point wide Iron Condor.

The next adjustment trigger will be at either short strike, depending on position status and market conditions at the time the trigger is reached.

The trade guidelines were most recently published on August 20, 2015, 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