June 22nd - close of July butterfly

The butterfly for July is off - Friday I closed half for 15% and this morning the second half came off for 20%

If you wonder how in a 5-10-5 trade  I managed to do halves? - The answer is I trade bigger - then I blog in public - this gave me the opportunity to be rather aggressive in my close.

Why did I choose to be aggressive a. an average of 17.5% ain't bad at all , b. The trade is on for only 10 days (did the market give me a present?), c. the market is flat for 2 months now (is a move imminent?)

I updated the result page - I still own you a what worked in June blog post - which will come later this week.

Comments

[Chad K]

Nice job! My first fly (520, 50 wide) got up to 12% on Friday, but now only 5%. The Fly I put on Thursday is up 9% (500, 40 wide).