Trade Update – Time to close out our RUT Sep 620/630s
It’s time to close out our RUT Sep 620/630s. It’s recommneded to immediately open the RUT Sep 630/640 bear call spread for 20 cents or more credit.
September 16th, 2009 in
Trade Update
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Should we be opening NEW positions on RUT 630/640, if we can get 20 cents?
With a little more than 2 days to expiration, isn’t the risk/reward ratio acceptable?
Yes, we can probably get 20 cents or more by opening this spread and it will help offset any losses that we might take if/when we close out our RUT Sep 620/630 bear call spread early.
My 630/640 order filled at 35 cents.
I got in earlier at 45 cents…..now to start sweating all over again about this position. I got stopped out of 20 contracts today at 2.29 with the underlying at 15.75. Ouch.