Rolled RUT LP IC, new GENZ trade

Today was the pullback that I was looking for, but not nearly as much as I would have liked to see. I guess a few more small down days is better than one big down day as far as IV is concerned. Overall I'm short a LOT of vega, so a IV rise wouldn't be good.

Despite the early pullback, WMT was up pretty strong. I was getting fairly short delta, but since WMT was near the upper end of its range, I didn't want to over-react and buy in too many spreads. So I only bought in a couple 50-55 call spreads, taking my delta from around -300 down to -180. Breakevens are now around 48 - 52.5, which is quite a range compared to recent price action. Despite this quiet time with WMT, its IV hasn't changed much, and in fact has gone up very slightly since I started the trade 15 days ago. No profit from vega here. I'm still sitting around 9% gain. I'd really like to see 15-20%, so we'll hang on a bit longer. Here's the trade after adjustment.

With nearly the entire market down today, I was surprised to see a couple stocks making new 20-day highs. Most notably was GENZ. Therefore, I opened a new 50-55 bull put spread for July, 0.50 credit. Nothing special in this vertical. Just shown for illustration. Exit or adjust when I'm down an amount equal to my credit ($250) (around $58.50) and take profit at 75% of my credit, around $69.00.

Yesterday I was pretty sure we were going to pull back a little, if not today, at least sometime soon. So for my RUT low prob iron condor, I bought back my put spreads for $0.40 (originally sold for $1.49). It seemed like the right thing to do, but afterwards, I wasn't too happy with the risk graph. The downside was great, but it didn't help at all if we went up further. See below, original trade and with puts removed.

So what I did during today's pullback is to roll up my calls by one strike. In order to do this, I simply placed a butterfly trade. I was originally short 540, long 550. To roll up in one move, I bought a 540-550-560 butterfly and am now short 550 and long 560. The resulting risk graph is below.

Again, I'm not very pleased with this after the fact. While I gave myself some room on the upside, the potential yield is kinda weak. In order to improve the situation, I tried to sell a put spread but I never got filled because the market was in it's seemingly "regular" late-afternoon rally, running away from my put spread offer. Pictured below is what I tried to get filled on before time ran out. I may try to do this tomorrow, providing the market doesn't immediately rally and force me out of the trade completely. Proposed position is pink, existing is green.