Market Update for Friday, May 13th, 2016

by Jeff on May 13, 2016

magenta_shadow_iconIf you saw my blog post from yesterday, you will have known that I closed the Bull Put on RUT for a small profit, to eliminate downside risk.

During today’s Market Update, I entered a GTC order to close the Bear Call on RUT in anticipation of a down move early next week. The price I am willing to pay would bring me to breakeven on this years profit. In the event that RUT doesn’t cooperate, I am prepared to consider rolling again to JUN – if the numbers will work out. (Ideally, RUT’s 1100 delta would have to be 45 or higher for me to take an additional 4 weeks of risk.)

Enjoy the Video

Click here to watch the video

Click here to watch the video

Happy Trading

◄Jeff►

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