16 days to expiry and 14 days into the trade. This morning I closed the butterfly with a profit of 1761 USD taking into account the payment of commissions.
Closing the butterfly was done out of precaution, we are up nice money, tomorrow is FOMC and I am under the impression the market is building up a spring. When that spring jumps we can easily see an 20-30 point move.
Our profit is over 17% on the invested capital and 4% on the reserved capital taking into account that the original butterfly had a profit of 230USD.
Now here comes the part which is great about trading the butterfly. As for this part of the portfolio my money is out of the market. Tomorrow when Uncle Ben speaks, we can go up or down, it does not matter for the lions share of my trades.
The unpublished part of my portfolio will still keep me busy for the rest of this week and probably well into next week, so you don't have to be completely jealous.












Recent Comments