May 26th

Hope you all had a good memorial day weekend - I enjoyed mine - I had my first real Philly Steak.  We visited Jim's Steaks on South Street. I had it with Whiz  :)

 

Two graphs - The butterfly and the overall position. Based on the overall position you can see it is time to moderate some delta's. Imbedded in the position is 470 calendar - it might be time to close that one out - since it has become a drag and accounts for 30d short.
As a rule of thumb I wait till we have the 10AM high - and will make a move if we break that high.