121105 Weeklys Trade

Monday, Nov 5, 2012

I think I’ll skip the pre-election trade and wait until Wed.

Nov 7

8:38 Trade made

RUT = 814
RVX 21.34
Option deltas: 13 and 11

790/795P; 830/835C. Credit 75 cents. Bid/ask was 0.45 to 1.15

Plan is to exit with a gain of 35 to 40 cents.

Nov 8

8:37 am. Market flat.
Short put delta is 18 (RUT = 804).

For now, holding.

10:19 am

Problem: Have an outside appointment.
Hate to cover. Hate to leave it unattended.
Let’s assume anyone who owns this position will treat it with respect.

12:26 PM


I’m back and it cost a whole lot to go out.

RUT under 796
Paid 1.80. Not happy

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