Backtesting 2015 - Jun 26, 2015 Entry (2nd attempt with adjustment on Jul 8)

On June 26, 2015 the market had a the past 3 days down at 1282 and Average IV was 14.7% at the time of entry around 10:30am.

Trade entry:

Risk graph:

Adjustments:

• Jun 29 - There was a sharp down move of -28 pts, this volatility hit resulted in market makers taking the price out of my butterflies. As a result my absolute loss (ABS Loss) was increase to -$4000
• As a result of an increase in ABS Loss, my threshold when assessing t+0 line will be $1500 - $2000
• Bought 5 x 1250 and Sold 5 x 1240 to protect my t+0 downside risk
• Jul 8 - RUT dropped 21.30 pts down and I decided to roll the BF down 50 pts to protect my t+0 downside risk
• Jul 13 - Bought 10 x 1200 and Sold 10 x 1210 to control positive VEGA 
• Jul 14 - Rolled the BF up 40 pts b/c RUT price was 23 pts above my upper wing
• Bought 10 x 1240 and Sold 10 x 1250 to protect my t+0 upside risk
• Jul 22 - Exited trade at Max Profit +$3078

Video Recap of Trade

Backtesting 2015 - Jun 26, 2015 Entry

On June 26, 2015 the market had a the past 3 days down at 1282 and Average IV was 14.7% at the time of entry around 10:30am.

Trade entry:

Risk graph:

Adjustments:

• Jun 29 - There was a sharp down move of -28 pts, this volatility hit resulted in market makers taking the price out of my butterflies. As a result my absolute loss (ABS Loss) was increase to -$4000
• As a result of an increase in ABS Loss, my threshold when assessing t+0 line will be $1500 - $2000
• Bought 5 x 1250 and Sold 5 x 1240 to protect my t+0 downside risk
• Jul 8 - RUT dropped 21.30 pts down and I decided to roll the BF down 50 pts to protect my t+0 downside risk <<<  I did not end up doing this adjustment, I went back after 4 days forward and decided not to do this and see how the trade panned out
• What made me consider doing this was the fact that I was within my Greek measurements but RUT was down hard that day and I couldv'e stayed in the trade. I don't know if this was a smart thing to do while backtesting.
• Going to re-trade this WITH making the Jul 8th adjustment
• Jul 14 - Bought 5 x 1250 and Sold 5 x 1260 to control high DELTA inside edge of tent
• Jul 16 - Exited trade at Max Profit +$3010

Video Recap of Trade