No Fill on RUT

RUT rallied today and I never got the fill. This changes my tactic. I will now be waiting to enter the Call credit spread when RUT hits resistance.

RUT PUT Credit Spreads

Click to enlarge

RUT June options contract have 31 days to expiry, hence plenty of time value in them. Based on the technical situation I placed to the following order:

Sell to open 380 June puts
Buy to open 370 June Puts
For credit of 0.42 per contract

I will Wait to open call positions if the RUT rallies.

Technically RUT has had a big rally and will possibly retrace a bit. I've placed my orders below the low of the 23% retracement area, which is also below the 20MA.

If RUT reaches 539 I will open the call positions.

Still waiting

It's been 2 weeks since my options expired, I've not placed trades yet for a reason. I'll be moving to a safer strategy and be protecting my positions hence doing a bit of reading and back testing.