JUNE ’09 RUT BUTTERFLY SPREAD – IRON CONDOR CLOSED
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This Butterfly Spread Trade was up over 10% until the big move on 6/1 forcing us to adjust. In hindsight we probably should have taken it off the last friday in May while we were up and the going was good – but then again – who knew. In any case, this return in 23 days certainly isn’t anything to complain about. Above is risk graph of the trade right before we took it off.
