Adjustment Watch
Thu, Nov 3, 2011 | Frank
The roller-coaster ride continues today, with the S&P 500 index currently up 1½ percent and market sentiment running solidly bullish. If SPY is still above $125.60 around 2:30pm Eastern, we’ll adjust at least some of our November butterfly hedge position. Note that we’re planning to roll up by selling an iron condor, which will require about $425 in margin per contract rolled.
Tags: adjustment, butterfly, hedge, iron condor, margin, spy
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