Keep calm and carry on bullish. Markets dont give us any sign of bearishness.Our Call Spreads are bleeding and adjustments are now a must.
SPX has a good +6.41% YTD and RTY is +6.78%. Bellini keeps on -0.536% for not much longer tho.
According to the Delatas and distance to the market levels our positions are in danger terrotory.
2 SPX CS 2250/2275 at 1.8 with 9 Deltas and 39days to expiry. Close Watching
5 RUT CS 1270/80 at 0.95 with 10 Deltas and 35 days to expiry. Close watching
2 SPX 2225/2250 at 1.95 with 28 Deltas need an adjustment, thinking on selling CS 2300/25 at 1.90 to erase the losses
2 SPX 2275/2300 at 1.9 with 18 Deltas need a very close watching.
SPX is crying for a retracement to keep a healthy upside, but who knows what the future holds