The spike in the RUT this morning, presents an opportunity to close 705/715 put spread for .05 or less. Also those who did not close the Call spread when we did way earlier on, I sent an alert to close the Call spread at 870/880 (.02/.01 delta) for .05 or less. You can also close the insurance at 860 or you can leave it as a lottery play in case the RUT spikes up in the next two weeks.
February 7th, 2011 at 12:50 pm
The spike in the RUT this morning, presents an opportunity to close 705/715 put spread for .05 or less. Also those who did not close the Call spread when we did way earlier on, I sent an alert to close the Call spread at 870/880 (.02/.01 delta) for .05 or less. You can also close the insurance at 860 or you can leave it as a lottery play in case the RUT spikes up in the next two weeks.