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The RUT index closed at $490 today - right at the midpoint of our iron butterfly with short strikes at $470 and $510. So our trade is in near perfect shape at this point. However, now that our trade is profitable, we need to be cautious and not allow our profits to get away from us. Today's time decay curve would allow the RUT to range as high as about $505 and down to about $475 before we would need to close our trade to preserve the profits. Each day that passes will allow us even more breathing room.