Market Update for May 20th, 2016

by Jeff on May 20, 2016

magenta_shadow_iconI might as well get this out right off the bat! Patience paid off and RUT dipped below my 1100 short Call Spread yesterday and I was able to buy it back for my $2.00 target! That brought me back to profitability, plus a few hundred, for the year. Premium decay is heavy just before expiration and that sure proved out yesterday.

5-20-2016 10-42-27 AM

In this video Market Update, I enter a JUL Bull Put on RUT (first half of an Iron Condor) and take a look at the correlation of Gold to the S&P 500 over the last 10 years.

Enjoy the video!

Click here to watch the video

Click here to watch the video

Happy Trading

◄Jeff►

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