Friday, August 7, 2009

RUT Calendar Update 8-6

Well, going into the weekend we are sitting okay. Not perfect, but not bad. Deltas are slightly long, but that's probably not bad considering how this market has been going. Generally speaking we have some room on both sides and a BIG week of time decay working in our favor.
One thing I will point out... what you see here is the current OPEN trade. It is not reflective of the total calendar campaign for this month. I probably should have taken a snapshot of that, but well... I didn't. Overall we're just under breakeven for the month, as we've had to make two adjustments. In an ideal world I'd like to see this collect about three more days of Theta and it will be time to take it off with a profit. We'll see what Mr. Market has in mind.
Good Trading...

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