Weekly Wrap Up for Friday, April 8th, 2016

by Jeff on April 8, 2016

magenta_shadow_iconI said I might roll that RUT Bear Call APR spread to MAY last week, and that’s what I did. Most of this week’s update will be an analysis of the numbers involved in that roll. After the roll, I Condorized it with a MAY Bull Put Credit Spread.

At first glance it looks like a genius concocted this strategy, but a look under the covers reveals that I am still far from out of the woods. If RUT refuses to move below 1100 near the MAY expiration, well… But, based on many technical indicators, there is a lot of weakness and lack of momentum out there and chances are we are looking at another wave down.

Here’s a look at the MAY RUT Iron Condor and a high level summary of the numbers involved.

4-8-2016 1-39-51 PM

Now sit back and enjoy the video.

Click here to watch the video

Click here to watch the video

Happy Trading

◄Jeff►

Previous post:

Next post:


Warning: Unknown: open(/home/content/53/4058253/tmp/sess_bvm1mv84qpki836ae5jtuleij3, O_RDWR) failed: No such file or directory (2) in Unknown on line 0

Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct () in Unknown on line 0