RUT Calendar 5-7

After only a day, there isn't much to report on the RUT Calendar. As I mentioned yesterday, the implied volatility was overextended and due for a snap back. Today that happened as the RVX rose over 3%. Our feature calendar trade didn't due much. The volatility rise was good for the value, but with the drop in price it pretty much ended in a wash for the day. That's the way these go. My adjustment point for this trade is 460 on the down side so nothing will happen unless we reach that. Here's the picture:

Good Trading...