2014-09-10 SPX Combined Chart Image

I closed the SPX butterfly expiring this week for a $70 credit ($5 in commissions), so the net was +$1287 in profit. The 6E futures options position is now at a -10 delta with two new contracts added today. Cash at expiration is +$700 but we have nearly two months to go but lots of room. Time to let Theta do its magic.

Enjoy the video!

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