Tuesday, 24 March 2009

RUT Puts

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RUT (Russell 2000) more or less replicates the SPX. RUT has not broken or closed above the ceiling resistance of 440 yet!

It also currently stands at 424 just on the open. The 320/330 puts look interesting with a decent credit. I've placed for a limit credit of $0.45 per contract.

Why? with the weekly MACD indicating a bullish move I don't expect the price to collapse down to the last low of 343 before April expiration.

Filled, $0.45 per contract.

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