I went ahead and re-opened these short puts for the 02/07 expiration after closing my short puts that expired on 2/3. I am selling these puts against my 290 Long Puts that expire in June. I have the same number of contracts on these as I do on my SPY Long Puts that expire in June 2020.

ADJUSTMENT 01/31/2020 @ 11:35 AM ET: I went ahead and rolled this Iron Butterfly again out to the 2/7 expiration. On the bear call side I was able to collect an additional 0.77. On the Bull put side I paid a 1.18 debit. As my original credit was 1.21, I am left with a net credit of 0.80. ============================================================================================================== ADJUSTMENT 01/23/2020 @ 11:15 AM ET: ***PLEASE READ THOROUGHLY*** As per our group meeting yesterday 01/22 which can be viewed here: https://thesupertrader.com/pr-01-22-2020/ I went ahead and made an adjustment to this position. This is what I did. 1) I opened a Bull Put in the Jan 31 expiry with the 235 short put and the 230 long for for a total of 2.34 credit 2) Next, I rolled my existing 215/220 bear call from the Jan 24 expiration to the 235 short call and 240 long call out to the Jan 31 expiration for a 3.93 debit. I had originally had a 2.80 credit on that position. With both of these positions combined, I have a net credit of 1.21 ------------------------------------------------------------------------------------------------------------------------------------------------ I expect that HD will likely continue to migrate down into its ascending supporting zone over the next 3-4 months which can be seen on the attached chart with the ascending green lines.

***FILLED ORDER*** ADJUSTMENT 02/03/2020 @ 2:32 PM ET - Although I expect the SPX to migrate up into and finish the day around the 3260 price level, this will still not be enough for this position as my short put strike is at the 3270 price level. As it is getting later in the day, instead of waiting for the trip to 3260 I went ahead and rolled this position out to 02/05 expiration and was filled for a 1.80 debit which leaves me with a 0.40 credit. ============================================================================================================== As discussed in Trade Talk on 01/27, with the SPX in a multi-day bull flag auction it has moved down to its longer term supporting zone which I expect to continue to hold through next week.

ADJUSTMENT 02/03/2020 @ 12:30 PM ET: As discussed in our Trade Talk on 02/03 here: http://thesupertrader.com/trade-talk?date=02-03-2020 As I continue to expect a breakout above the corrective sequence, I went ahead and rolled this position from the 02/03 out to the 02/05 expiration for a 1.20 debit. This leaves me with 0.15 of credit but most importantly, gives me a bit more time for this position to work as expected instead of taking a max loss in this position today. ============================================================================================================== ADJUSTMENT 01/31/2020 @ 11:45 AM ET: I went ahead and rolled this position from 1/31 expiry out to 2/3 expiry in hopes to make a better maneuver closer to the 3300 price level Monday afternoon. I was able to move for a 0.30 debit which leaves me with a net credit of 1.35. ============================================================================================================== With the SPX in a multi-day bull flag auction it has moved down to its longer term supporting zone which I expect to continue to hold through next week.

ADJUSTMENT @ 11:00AM ET 01/31/2020 - I went ahead and rolled this position as discussed in our Position Review meeting here: https://thesupertrader.com/pr-01-30-2020/. I received an additional 0.26 of credit to roll the 146/148 bear call. It cost me 0.67 to roll the 140/138 bull put. The net credit on this position was originally 0.68 so I am left with 0.27 of credit. ============================================================================================================== I expect DIS to continue to trade within the short term flag pattern over the next several weeks.

JPM just backtraded into its multi year resistance auction that I anticipate will hold as support for the next 1-3 weeks.

I decided to go ahead and sell a bear call with my short call @ 3305 in connection with my bull put which has its short put at 3300 as from adjustments I was left with only 0.15 of credit on the bull put. This maneuver reduces the overall risk of my current bull put by turning the position into an iron condor. I expect a slight pullback between this afternoon and tomorrow morning and will likely take this bear call off at some point before tomorrow's expiration and let my bull put expire worthless.

Despite the incredible volatility, I still view this pullback as premature prior to a migration out of balance up to the 3400 price level. As we are right on the major multi-week auction support again, I'm layering one more bull put here to attempt to benefit from this level holding.

UPDATE 08/19/2019: THIS IS NOT A NEW POSITION. If you haven't been assigned these shares then this position should be disregarded. As discussed in our 360 Review from 08/19, I decided to take assignment of the stock as a result of my 145 short puts dropping in the money and I've chosen to hold the stock for now and continue selling calls against the position. I expect IBM to continue to retrace higher into the 140 - 143 price levels

As discussed in our Trade Talk meeting from 01/27, I expect the overall market and SPX to continue to migrate higher into approx. the 3400 price levell. I am selling these puts against my 290 Long Puts that expire in June.