$IWM Put Options Butterfly Update, Adjustment Points, and Technical Analysis

The 10 Second Overview:

The video below goes through the open $IWM Options Put Butterfly positions for the December 2014 and January 2015 expiration cycles.  The December expiration has been very challenging for neutral options trading, but the recent sell-off left the position in great shape.  The January position looks very good for only being open a couple of days.  I’m watching for a potential break of the 114 level in $IWM, which will be a signal that things are getting a little more bearish.

Check out the video below for a more in depth discussion and please post any questions you have in the comments at the bottom of this post.  Enjoy: