The RUT outperformed today moving up nearly 0.80%. I removed some lower BFs’ on both the M3 and what’s left on the Rhino trades. I’ll be closing all of these trades before Monday and move into Rhino trades for February expiration. With the OV issues etc, I might not enter any more M3s. I feel much more comfortable with the Rhinos and I’ll add some bearish butterflies. Anyways, it has been a great month for the trades and I am looking forward to entering the February trades.
I did actually get 4 units on for February 1190/1150/1100 for $2.54. It’s a bit early but with the thanksgiving break coming up, I wanted to get some safe theta over the break and I had GTC orders that filled. The regular entry day would be next week on Thursday. However, I scale into my positions as I usually go with a lot of units.
Here’s what my trades look like. I don’t have exact P/L numbers yet because I had to switch to an old VM that had an older version of OV installed. Still not 100% confident in the M3 trades at the moment.