- Details
- Written by Dr. Duke
- Category: Dr. Duke's Blog
- Hits: 3294
RUT closed at $489 today and our butterfly position is $665 in the green. The RUT chart shows pretty strong support around $475 and it has been difficult for RUT to hold anything above about $510, so we appear to be in good shape with this butterfly. Plus, we have a long weekend coming up and I would expect trading volume to start to slow on Friday... all good news for a delta neutral position. Let the time decay work for us.
- Details
- Written by Dr. Duke
- Category: Dr. Duke's Blog
- Hits: 3558
Today I established an iron butterfly on the RUT index; 5 contracts of the 400-470 put spreads at $11.10 and 5 contracts of the 510-580 call spreads at $12.15 for a total credit of $11,625. Breakevens are at $447 and $533.
- Details
- Written by Dr. Duke
- Category: Dr. Duke's Blog
- Hits: 3428
It has been a long time coming, but our web site is nearly finished.
