Wednesday, March 3, 2010

RUT Spread Department

We are going to put on 2 new working orders.

1st we are going to sell to open 2 Apr 710/720 call spreads GTC limit $0.50

It will take another push higher to get a fill on this.


2nd we are going to buy to open 2 IWM Apr 67/68 call spreads for a limit of $0.30

Because of the move higher our 690/700 spread has begun to come into play.  So we will buy this debit spread to protect against another move higher and counter any cost of a future adjustment to the 690/700.