As discussed yesterday, we reached a point where it was time to take off the RUT trade we are highlighting this month. I had hoped for about an 8% overall return, but we ended up with 7% overall. Still pretty nice for the month. The main reason is that the market went ripping up today and I didn't quite get as good a price as I wanted on closing the call spread. Overall, no complaints.
That's it for this one. It was complicated, but profitable. Next month I plan to simplify things a bit by highlighting a calendar trade. It will be a couple of weeks I think, but maybe not. This is actually something to watch right now... the RVX - implied volatility on the RUT - is resting on the support line we have been tracking for several weeks.
Good Trading...
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