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RUT 18AUG EIP:
Trade Plan: On Friday we rolled 1450 put down to 1440. This adjustment reduced upside risk and re-balanced NET delta close to 0. IF RUT trades lower, we can look to roll any long upside put of Tier 1, 2 or 3 higher to re-balance NET delta and avoid sliding down the T+0 line.
RUT 15SEP EIP:
Trade Plan: We’re going to add Tier 2 WHEN/IF RUT trades above 1450. On the downside, IF RUT trades below 1385 – we’ll have to either re-position Tier 1 or close out for a small loss.
SPX 31AUG ICBASE:
Trade Plan: We’ll look to roll up 2510/2520 Bear Call spread up when 2510 Call’s delta reaches 30-35. We’ll also close out OTM call hedge to help pay for this roll.
SPX 8SEP ICPLUS:
Trade Plan: Upside stop around 2500 while downside stop around 2385. Nothing between that, just let the trade works itself out.