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I wouldn't leg in; too risky

If you trade CTM on OB/OS only, The risk of losing money dimunishes substantially. that's my experience with RUT.

Yes but if I am 22-26 days away and I know a possible resistance failure point, I can adventure 10 points below it. Once I put the trade, I am concerned mostly by number of days to expiration. I could do 800/810 but I want to pickup enough credit just in case I am wrong. Question to you...

You always need to have a breakout point. If I am @790/800; My bet is that RUT won't break 801. If it does I lose so I have to take action. maybe close or open 790/780 PUT to pickup more credits and then let time do it's things. Either way my loss will be minimum compare to FOTM. Don't...

You can't be SIRIUS. What if I don't have a house? You want me to mortgage my son?

I open 3 RUT FEB PUT 770/760@2.80 So now the condor is : 3RUT FEB 790/800/770/760@8.60 credit I don't see anything wrong in risking 1.40 for a possible 8.60 reward.

I am waiting for a bounce to do more Bear call; maybe 800/810 or 790/800 again. I know for sure the market will go down in the next 2 months but I am willing to take profit as they come and then open other trades. I am open to short 790/800 again if TA alllows. I was going to open a PUT...

I don't see the risk compare to FOTM. If I take 5$ credit for a ITM or CTM and then you take 0.70c for an FOTM; I believe you take more risk than I do. I already closed my 790/800 for 1.55 so I have none to close now. I will keep the 820/830 call and I will try to open a 30-35 points away...

Hey Yipp I decided to close my CTM/ITM call for a profit. RUT is showing some strength going to the close. I like when RUT is weaker than SPX but today RUT is stronger. I opened: 20 RUT FEB 790/800 call @5.30 credit 3 RUT FEB 790/800 call @5.80 credit 31 RUT FEB 820/830 call@ 2.05...

Thanks Cache, Yip, and Jeff. I tend to let time do it's things and most of the time I lose some of the profit becvause RUT is so volatile. You can make good money in 2-3 days but you have to be ready to close because the going up may be as furious as the going down.

Yip, Ineed some exit strategy. I know when to get in but not how to get out (too greedy). So this is my new rules: On CTM, ITM I will exit at (Premium *1/3) -0.10 c On OTM: Exit=(Premium*2/3) - 0.10c the 10c representsent cost of trading fees. So I will be guaranted 1/3 of the premium...

My portfolio has improved by 12% this month but I can get higher return.

I may open PUT too some if big drop

Tomorrow there might be a continuation of the tech fallout. So I got: 2.05 for 31 FEB 820/830 Call. Now it's worth 0.80. tomorrow could come down to 0.30 and I will be out. Will make at least 5K if the scenario occurs 20 FEb 790/800 Call @ 5.30: I want to keep it for a while unless I can...

What does it represent in term of profit/loss

It's risky right now to enter PUT credit spreads. For the next 3 months I will make sure I enter PUT spreads only when everybody is looking for cover which means the market is ready to turn around. The market is too extended to start entring PUT spreads right now.

That what I used to do but this time I go only call. When timing is right I will enter PUT or I will close Call and enter PUT if the BUY signal is strong.

The last three months have been pretty good for me and I am not looking forward to giving it back again. That's why I enter only PUT or only call from now on and it will be on OB/OS only. As of right now, I am up almost 5K on my FEB calls and I don't know If I should take it and run. Not...

If I didn't close my 790/800 calls, I would have been safe and I would have made a lot of money today as RUT is going back down. But Woulda, Coulda don't apply in options trading, you have to protect what you have as capital and not regret later. I am still happy because I closed the Jan...

Did close the 790/800 last Friday for break even and still have the PUT which is worth 0.20 now. So for the trade I will make money in the wings 810/820 (closed), 740/730 (closed) and the PUT of the CTM 770/760. I already opened some Feb Calls CTM and ITM but I will sit on the calls only...