Our open positions look as follows:
All positions look safe, with very lows Deltas.
On Dec expiries no concern,
| PS RUT | 930 | 940 | 05/10/2015 | 0.8 | Delta 1 |
| CS RUT | 1270 | 1280 | 08/10/2015 | 0.702 | Delta 2 |
| CS SPX | 2200 | 2210 | 08/10/2015 | 0.5 | Delta 6 |
and on Jan16 CS 2230/40 at 0.8 with Delta 8 still looking good.
Would like to add a PS on Jan16 if we get and oversold position any time. We missed the opportunity markets gave us 12 days ago with SPX near 2000.
SPX looks moving on a range now, I would not be surprise to see the index moving further up.
RUT is finding resistance at 1200, psycological number and previous resistance. I see the index moving up as well in the following weeks.
I am also waiting for an overbought or oversold condition in SPX or RUT. I sold some spreads on SPX on Nov 13th when it was oversold. RUT was borderline oversold on Nov 13th too but I was not sure if it would go lower so I did not sell any spreads. I missed a good opportunity. But I will be patient and wait since we are in no man's land right now. If I was going to sell spreads right now, I would sell long-term iron condor that is as far away from the current prices of RUT and SPX as I can.
ResponderEliminarGood plan Jonathan
ResponderEliminar