{"id":1229,"date":"2016-03-02T19:55:40","date_gmt":"2016-03-02T19:55:40","guid":{"rendered":"http:\/\/www.travelsandtrades.com\/?p=1229"},"modified":"2016-03-02T19:55:40","modified_gmt":"2016-03-02T19:55:40","slug":"mar-2-all-trade-update","status":"publish","type":"post","link":"http:\/\/www.travelsandtrades.com\/?p=1229","title":{"rendered":"Mar 2 &#8211; All Trade Update"},"content":{"rendered":"<p><strong>April<\/strong><\/p>\n<ul>\n<p>I&#8217;ve removed most of the 1050\/1060 call calendars from my April trades which helps with the maximum upside risk. I am waiting for any pull back to the low 1050s to put on a 1030\/1080\/1110 call BWB.  I might put on a more ATM BWB as well to increase theta. Right now, re upside, I&#8217;ll take my chances since I&#8217;ve got limited upside risk. With RUT at 1062, we&#8217;re at the 200% fib extension which corresponds with a 50% retracement of the down move. This is about 120 RUT points (12%) in the matter of 10 trading days. Incredible. I find myself amazed at market moves lately both in currency and in equities. Historically this up leg on the RUT should pause retrace some.  This is a giant move. If you follow Lockes BB strategy, we&#8217;re at the 120 point bounce &#8220;What the hell are you waiting for, put on some bearish butterfly&#8221; stage right now which is very rare.<\/p>\n<p>Unfortunately, all April trades are down into negative P\/L territory but any pull back to the 1030s would put us profitable. My plan now is to wait for any pull back to add some call BWBs, a few ATM BWBs to increase theta and to perhaps roll up some of the bottom BWBs.  <\/p>\n<p>These past 60 days have been incredibly frustrating.  Massive down moves and now I am dealing with a massive up move. 12% since Feb 11? Really?  Annoying. <\/p>\n<p><strong>March<\/strong><\/ul>\n<p>I&#8217;ve got no movement here except I removed some call calendars. Waiting for better opportunity. Deltas are negative but fairly low and with low gamma. Waiting for better opportunity. I am glad I got out of nearly all the March trades last week but now what is remaining is losing $. Any pull back to even the low 1050s would be helpful. Upside is limited risk but still can lose some more $. I am more apt to be patient right now with this strong of an upmove. IF it happens to keep going past 1070 without a pull back, well I&#8217;ll take that risk. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>April I&#8217;ve removed most of the 1050\/1060 call calendars from my April trades which helps with the maximum upside risk. I am waiting for any pull back to the low 1050s to put on a 1030\/1080\/1110 call BWB. I might put on a more ATM BWB as well to increase theta. Right now, re upside, &hellip; <a href=\"http:\/\/www.travelsandtrades.com\/?p=1229\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Mar 2 &#8211; All Trade Update<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[26,36,35,33,31,32],"class_list":["post-1229","post","type-post","status-publish","format-standard","hentry","category-trades","tag-bearish-butterfly","tag-broken-wing-butterfly","tag-bwb-road-trip-trade","tag-rhino-m3","tag-rhino-m3-trade","tag-rhino-trade"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5IMbd-jP","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1229"}],"version-history":[{"count":1,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1229\/revisions"}],"predecessor-version":[{"id":1230,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1229\/revisions\/1230"}],"wp:attachment":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1229"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}