On Friday, I sold that Call RUT vertical I bought on Wednesday for about a $200 loss...lol...this has to be the most adjusted position I've ever had while posting here...details:
Code:
Date Time Trade Description Fees Comm Amount
12/4/15 10:13:01 BOT +3 BUTTERFLY RUT 100 JAN 16 1200/1150/1100 PUT @10.70 -0.40 -18.99 -3,210.00
10:13:15 BOT +3 IWM 100 JAN 16 109 CALL @8.62 BOX -0.10 -12.24 -2,586.00
12/9/15 12:53:47 BOT +1 VERTICAL RUT 100 JAN 16 1170/1160 PUT @5.55 CBOE -0.08 -11.49 -555.00
12/11/15 12:10:29 SOLD -3 BUTTERFLY RUT 100 JAN 16 1200/1150/1100 PUT @14.58 CBOE -0.40 -18.99 4,374.00
12:21:13 BOT +3 BUTTERFLY RUT 100 JAN 16 1170/1120/1070 PUT @12.68 CBOE -0.40 -18.99 -3,804.00
12/15/15 12:38:02 SOLD -1 VERTICAL RUT 100 JAN 16 1170/1160 PUT @6.74 CBOE -0.08 -11.49 674.00
12/16/15 15:25:23 BOT +1 VERTICAL RUT 100 JAN 16 1150/1160 CALL @5.00 CBOE -0.08 -11.49 -500.00
12/18/15 12:38:51 SOLD -1 VERTICAL RUT 100 JAN 16 1150/1160 CALL @3.10 CBOE -0.08 -11.49 310.00
So the bottom line is that I have booked a $1007.94 profit (including commissions) and my current open position is down $263. Meaning I am now running a profit of about $700 - about halfway to my goal.
The unfortunate part is that I sold that Call Vertical in order to get my delta back in line, but as you can see, I sold it a little after 12:30 in the afternoon, but by the end of the day, as the market continued to slide, my delta settled at 12.25. Any further weakness will necessitate further adjustment...perhaps...this week is supposed to be "exit week" for this trade, as my 20 days till expiration rule arrives at the end of this week, and with no trading on Friday because of Christmas, I'll be looking to get out on Wednesday or Thursday. So really, there isn't much time for any adjustments to be made.
Graph:
