Monday, 18 May 2009
RUT PUT Credit Spreads
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.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment