July 21, 2017 at 11:46 am #8279
We’re going to roll 1450 put down to 1440. This will do several things:
1. Remove almost all of upside risk.
2. Add a little more risk on the downside.
3. Re-balance NET delta from -10 to -2 (keeping theta almost the same)
|IncomeLab Order Ticket|
|STC||RUT||18 AUG 17||1450||Put|
|BTO||RUT||18 AUG 17||1440||Put|