I did not yet enter a butterfly - I tried to sell it at the top of the market - but might have entered the order a little to cheap. Tomorrow an other day. I am not too hurried since my RUT Iron Condor for July is already hanging quite short delta's adding a butterfly while the market still trend upwards only adds to the problem.
Today I closed parts of my TLT short position. I had an amazing run in the tlt - definitely a top performer - I would be surprised if we don't get a little bounce here - hence the close of parts of the position. I am still short some naked July 99 calls. My tlt short stock will get assigned and closed out next week. By then I will nearly flat and very much willing to re-enter when the charts show a entry.
That's is for today - hope tomorrow I can share about a new fly.
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