SPX Butterfly Adjustment

I just adjusted my SPX butterfly. There is a lot of strength in the market, and in an earlier post I talked about my target being around 1520. With the market making new highs today, and with the possibility of short stops above the market I decided to reduce my deltas and my risk. Below is a new picture of my current risk profile.

I have no futures trades on now, I would like to add once my system confirms a break out trend. If you would like to watch my entries and exits and stop you can follow then through the tweeter feed on the right side of the blog.

2013-01-29-Analyze

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s