8:32 am
RUT = 825.29
RVX = 18.81
Order entered.
80 cents credit; 10 lots
800/805P; 845/850C. Slightly off delta
8:34 am
Reduced to 75 cents.
8:36 am
Cancelled order with OptionsHouse and switched to IB. Trying to get 80 cents.
Market was 50 cents to $1.20.
Then reduced to 75 cents.
Not filled.
8:40am; RUT = 825.09
Cancelled and replaced with:
805/810P; 840/845C
10 lots
Credit $1.25. Filled.
Deltas: 21P and 16C
Oct 16
10:34 am
Bidding 5 cents for put spread. Will raise to 10 cents if filled on order below:
Bidding 50 cents to roll down the call spread by 5-points: (Bidding for 840/845 spread concurrent with the sale of the 845/850 call spread; 50 cents debit). In other words, I am bidding 50 cents for the call butterfly.
Noon
Butterfly bid cancelled.
after the close
Remaining short the 34 delta calls.
The only attractive trades were to cover 2 or 3 of the short call spreads or to exit. I chose to do neither.
This is not ideal for the conservative trader.
Oct 18
9:03 am RUT 839. EXIT, took loss
Details to follow in a video.
11:24 am
Covered put spread at 5 cents
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