RUT Calendar update...

As mentioned last week, there seems to be no end to the silliness of this market. Things are overbought to extremes we will rarely see in our lifetimes. That being said, it's only logical that our Calendar has now hit an adjustment point. In the very last minutes of the day, the RUT pushed up to 550, the upper strike of my triple calendar.

The first picture shows where we are at right now, and the need for adjustment. My planned adjustment will be to pull off the 490 strike calendars and move them up... right now I'm thinking to the 570's. The pciture below shows what this will look like after the adjustment.

One minor point here, is that the left shoulder is drooping due to continually (also to the point of silly) dropping volatility. Whether this will stablize or not is anyone's guess, which is why I will place the right shoulder a little tighter. Thank goodness I have some short volatility trades on to go with this.

Good Trading...