Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
Monday, August 24, 2009
08/24 RUT Iron Butterfly
RUT didn't back off, and we're still sitting right at the top of the trading range and on the break-even for the trade. I can't afford to keep on running without Theta, so Tomorrow, if we don't back off I'll add to the position and bump up its theta.
All content on this site is provided for informational and entertainment purposes only. It is not intended as advice to buy or sell any securities. Nothing should be considered or construed as personalized investment advice. Stocks are difficult to trade; options are even harder. Please do your own homework and accept full responsibility for any investment decisions you make. Although I may answer your general questions or comments, I am not licensed under securities laws to address your particular investment situation.
ps: Thanks to my Lawyer friend and avid reader Chad for the disclaimer!
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