Friday, March 12, 2010

RUT spread update.

With the market's relentless push higher we are going to make a change to our working put order.  Cancel the Apr 590/580 put spread we had working and replace it with the Apr 600/590 spread for the same price (limit $0.50 GTC).

Also our 710/720 call spread is coming into play as we can't seem to find a top in this market.  I'm going to hold off one more day to get the weekend theta.  We have the IWM debit spread in for protection but we will still probably make an adjustment to this spread on Monday if we close up.