RUT hit 550 Today and I added a long SEP Call to hedge the deltas. At this level we are slightly theta negative, so the hope is for RUT to back off. This is true for all my positions. Because the last up-side push was soon after I entered the trade, the P&L is hurting quite a bit.
Position's History: 07/23 RUT 30-Day Iron Condor
7/22 RUT 30-Day Iron Condor
7/21 RUT 30-Day Condor *New*
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