No time for a lengthly update, but the short version is the RUT trade still looks fine. Deltas are just a smidge short (-19) and it's still profitable. The more interesting thing is the RVX. Keep an eye on the chart. It is currently just touching the bottom of the multi-month channel. This is a significant point of support, and if this counter-trend rally is to continue it will need to be broken. If I had to wager I'd say it will reverse and we may see some down days; but it's also expiration week, so anything goes. More tomorrow (with pictures).
Good Trading...
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