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Category: Dr. Duke's Blog
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RUT closed at $489 today and our butterfly position is $665 in the green. The RUT chart shows pretty strong support around $475 and it has been difficult for RUT to hold anything above about $510, so we appear to be in good shape with this butterfly. Plus, we have a long weekend coming up and I would expect trading volume to start to slow on Friday... all good news for a delta neutral position. Let the time decay work for us.