Doh! Call me Homer. One thing I keep meaning to do is place a limit order with my broker to close out trades. I was out on thursday and my risk reversal- short 3850 calls long 3200 puts went into profit after looking ugly after wednesday's massive rise.
Anyway I closed out for a credit of 10 way below my target, but I could see the F scooting up, which it duly did.
Had I set a limit of 25 for thursday I might well have got it.
Lesson learned? I hope so, as it's getting expensive to be such a sloppy trader.
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