Another flat day on RUT today. I adjusted the 55 day trade to bring down Delta a little today. I sold the 570/610/650 put butterfly and rolled it up to 580/620/660 AND sold the 600/640/680 call butterfly and rolled it to 610/650/690. The new greeks are Delta -32.12/Gamma -6.58/Theta +146.69. Profit/loss is now +826 and […]
Options Trading for Income Weekly Update
1-5-10 Trade Update
The RUT closed down a little but in reality was basically flat. The Jan 55 day trade gained a little and is now up around $700. The plan is still to get $1500 but we will need a little cooperation from the market to do so. Here is the Jan 55 Trade: During the day […]
Jan and Feb Trade Update
Big move up in RUT today. Something our positions did not need. The Jan 55 day trade was adjusted slightly to bump our theta a little. I rolled the 560/600/640 Put Butterfly to 570/610/660. The trade lost some today but is still up $413. Our target, still $1500. The 30 day Method 1 got slammed […]
Happy New Year!!! January and Febraury trade update.
Happy New Year everyone! It’s been a few days since the last update but that is just because the position has not changed and nothing exciting has happened. We got a bit of a pullback on Thursday and that benefited all three of our RUT trades. As of today the 55 day January trade is […]
January Trade Update
Not much happened Monday on RUT so I left the 2 30 day trades alone and they look about the same as the last update. On the 55 day trade, I took advantage of the flat day and rolled the 550/590/630 butterfly up to 560/600/640 AND added the last 1/3 of the position by buying […]
February 55 Day Trade Entered 12/24/09
The February 55 Day trade was entered on Thursday AM. This is 1/3 the position. Our planed capitol on this is $5000 and the profit target is currently $1500. Our current plan is to add to this position when/if RUT=652.50
