{"id":17290,"date":"2012-02-15T15:03:00","date_gmt":"2012-02-15T20:03:00","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=17290"},"modified":"2023-04-04T19:02:44","modified_gmt":"2023-04-04T23:02:44","slug":"the-march-bearish-butterfly-trade-update-time-is-our-friend-as-the-rut-stalls-out","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-march-bearish-butterfly-trade-update-time-is-our-friend-as-the-rut-stalls-out","title":{"rendered":"The March Bearish Butterfly Trade Update&#8211;Time is our friend as the $RUT stalls out"},"content":{"rendered":"<p><em>This post is the third in a series that we will be publishing over the next several weeks, tracking the hypothetical performance of the bearish butterfly trade as it would have been handled according to our guidelines contained in SMB&#8217;s Bearish Butterfly Video Series.<\/em><\/p>\n<p>As of our last writing , the $RUT index closed at 828 and the trade was down 12% on planned capital with 37 days before expiration. This week the $RUT has been rangebound as has the rest of the market. It has been trading in the range of 815 and 830. The passage of time has helped the position considerably as we are net short options and the time decay of a calm week worked to our advantage. Currently the $RUT is trading at 823 and the position is now down 4.5% on planned capital with 29 days to expiration. The current risk graph looks like this:<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/Bearish-butterfly.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-17294\" title=\"Bearish butterfly\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/Bearish-butterfly-1024x547.png\" alt=\"\" width=\"417\" height=\"221\" \/><\/a><\/p>\n<p>As you can see, the trade is well positioned and will not need adjustment without a large move in one direction or the other. Should the market sell off hard, we&#8217;ll remove the upper butterfly to cut deltas. Should the market rally hard, we&#8217;ll roll the lowest butterfly upwards &#8220;leapfrogging&#8221; it over the rest of the position.<\/p>\n<p>Stay tuned for our next move&#8230;&#8230;<\/p>\n<p>John Locke<\/p>\n<p>Locke In Your Success, LLC<\/p>\n<p><em>Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.<\/em><\/p>\n<p><em><a href=\"http:\/\/www.cboe.com\/resources\/intro.aspx\" target=\"_blank\" rel=\"noopener\">Risk Disclaimer<\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n<p><em>No Relevant Positions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post is the third in a series that we will be publishing over the next several weeks, tracking the hypothetical performance of the bearish butterfly trade as it would have been handled according to our guidelines contained in SMB&#8217;s Bearish Butterfly Video Series. As of our last writing , the $RUT index closed at 828 and the trade was &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-march-bearish-butterfly-trade-update-time-is-our-friend-as-the-rut-stalls-out\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":741,"featured_media":17294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,1402,1584],"tags":[1986,4688,4698,1259,4693],"class_list":["post-17290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","category-options-education","category-seth-freudbergs-blogs","tag-options-bearish-butterfly","tag-options-education","tag-options-mentoring","tag-options-trading","tag-options-training"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The March Bearish Butterfly Trade Update--Time is our friend as the $RUT stalls out | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-march-bearish-butterfly-trade-update-time-is-our-friend-as-the-rut-stalls-out\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The March Bearish Butterfly Trade Update--Time is our friend as the $RUT stalls out | SMB Training\" \/>\n<meta property=\"og:description\" content=\"This post is the third in a series that we will be publishing over the next several weeks, tracking the hypothetical performance of the bearish butterfly trade as it would have been handled according to our guidelines contained in SMB&#8217;s Bearish Butterfly Video Series. 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Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/the-march-bearish-butterfly-trade-update-time-is-our-friend-as-the-rut-stalls-out\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-15T20:03:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-04T23:02:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/Bearish-butterfly.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1366\" \/>\n\t<meta property=\"og:image:height\" content=\"730\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Seth Freudberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" 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