Friday, April 23, 2010

Rut Update

Well we got a break for a few days but the market is now back at it.  Rut made new highs yesterday and the futures are pointing to a higher open this morning.  So we are going to start working 2 new orders.  1st we need to try and open a new put spread.

Sell 3 May 660/650 put spread @ GTC limit 0.50 Credit


Then we need to buy and IWM debit spread to protect our up side.

Buy May 75/76 call spread 3/3 @ 0.28 - 0.30 Debit.  (Price might need to be worked to get filled.)


I will post all fill updates, and get the tracker sorted today.