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November 3, 2015 at 1:26 pm
#4477
IncomeLab (Old)
Participant
BUY +10 VERTICAL RUT 100 DEC 15 1020/1010 PUT @.30
With 45 DTE this bull put was showing .30c debit to close, I dont think much of that credit will come out in the next few weeks and if RUT continues higher it wont offset much of the losses on the upside. I will look to sell something closer to ATM to increase overall credit for this trade, but for now my next adjustment point is IF/WHEN 1250 call’s delta reaches 20-23.