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.



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