If you have the positions, no matter what kind position, Butterfly, broken Butterfly, M3. When the market is down sharply, every positions are losing money. What do you do? What I do is trying to rollover one , two or three of short position over one month and make the losing position turn into profit position. The rollovered naked short position will be pending there. That is what Super Star Karen got troubles from. I only trade my money, so I can keep these naked short positions and rollover again and again until in these positions come out of the water in recently weeks. If you still do not understand, then you just forget what I say. Even you understand it, I do not suggest you do that. Keeping losing naked short positions ( normal each position could cost you 40-50K) is not everybody can suffer! Especially, keep it for half year or one year!