Monday, April 9, 2012

May RUT Butterfly

On 3/28 I entered a RUT Butterfly at 810 for $1100., the RUT never traded up to the first add point at 850and I sold the 810 Butterfly today 4/9 trading down to the high point of the T+1 curve where the delta gets close to zero, so I sold it for $1570. This left a profit of $470 less the $12. charged for the commissions.
Profit of $458.