Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
Wednesday, September 16, 2009
09/16 RUT Iron Butterfly
I added a long contract to help control the deltas at 610, then at 615 a second hedge was released. The position is flat for now and the up-side risk is acceptable. If we keep going higher I plan on adding a small butterfly to keep theta on the trade.
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!
No comments:
Post a Comment