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August 11, 2017 at 12:51 pm
#8363
IncomeLab (Old)
Participant
RUT at 1372
Instead of moving T1 from 1400 to ATM, we’re going to roll up our long 1430 put to 1450 strike. This will reduce NET delta and increase theta a bit. From here we’ll do one of two things:
1. We’ll hit out stop next week if RUT is below 1370
2. We’ll scale Tier 2 and Tier 3 as planned and move 1450 put back to 1430
IncomeLab Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STC | RUT | 29 SEP 17 | 1430 | Put |
BTO | RUT | 29 SEP 17 | 1450 | Put |
Total Debit: | $15.70 |
P/L graph