Had a nice relaxing week this week. Put on a 24 Day Broken Wing Butterfly on Tuesday, and exited on Friday for +10%. I also opened a 15 Day Calendar Spread on Thursday and it is positioned nicely, almost at profit target. It is hanging out at roughly +8% unrealized. Looking to exit that one on Monday. Here is my entry and exit for the Broken Wing Butterfly spread.
The SPX finally took a breath this week and we saw some downward movement, although it does look like we are heading back up, or at least sideways now. I like sideways.
I did not trade the RUT at all this week as I am still waiting for it to find a new range. I don’t really trade directionally and after that recent breakout, I have just been watching from the sidelines. We did see some downside and it’s possible I will open a spread on the RUT next week. It Will be interesting to see where this one goes, the RUT was incredibly range-bound for 8 months straight and we capitalized off of that immensely. We are looking to get back into that groove!
Next week should be interesting, we will be watching the RUT closely! Hoping everyone has a lovely weekend and great week ahead.
Do not let anything turn you from your purpose.