Today was more wild volatility. We had a nice gain going for a while, but couldn't hang on. I don't have an update on the March RUT trade for today, but I will have one tomorrow. Nothing has really changed, and it looks like we added a couple hundred bucks of profit again today.
Along those lines, I did add the first leg of the April campaign today. Things are completely trashed, so I put an order in last night to sell the PUT side. It worked most of the day and triggered late in the day. I'm not sure exactly what time, but I saw the email at around 12:30 PST (over Chinese food). Here is the trade:
SOLD RUT APR 290/280 PUT @.70
If we can get a little uptick I will put the CALL side on. In the past I would wait for two or three consecutive up days, but these days I may sell into just about any rally. Up days are few and far between.
Good Trading...
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