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Group; Why wouldn't I do the following? Close out my July RUT 640/650 put spread for .85 debit = [11,900] Total credit when opening my original IC of 640/650/780/770 was .8 = 11,200 Sell to open Aug RUT 600/610 for .95 credit = 13,300 Sell to open Aug RUT 760/750 for .65 credit =...

Drinks are on Heather:p Bob

Yes, I am trading the RUT. Thanks for the input. Just hanging around, Bob

Tell me about the Russell, Apex? I have the 640/650 bull put spread for July. Thanks, Bob

Group; Back to the intent of my original post of yesterday, or the day before-they all seem to run together. Am I the only one who's nervous about the mideast situation? What are some thoughts on what we might see over the next few days in the market? Bob

As of the close on Friday, based on midpoints, one should be able to get the following: RUT Aug 580/590 Bull Put Spread @$.6 RUT Aug 770/760 Bear Call Spread @$.45 As you can see, 100 pts OTM on the put and 80 on the call wing. Deltas are -0.7 and .06 respectively. Not too bad based on...

Good question. Perhaps looking at in percentage terms is a better way. The data I found proves you to be correct: RUT 1.0094 vs. 1.0078 for the SPX. What caught my eye was that I could usually go 60 points higher than current and 70 points lower, and be at or better than 90% probability of...

rdemyan and Richard; Thank you for you replies. To answer your question about the RUT, rdemyan, I have had good luck with getting orders filled. In fact, better luck than with the SPX. So far, when I have chosen to close a position, I have not had any problems either. I hope that that...

Hi, Group; Currently my position is thus: RUT Jul 140C 780/770 @$.4 credit RUT Jul 140P 640/650 @$.4 credit I would deeply appreciate some of the groups expertise on what to do heading into expiration Friday. RUT held fairly strong yesterday only giving up 4.76 pts. Should I be...

Probably would help to mention Russell 2000. Bob

Group; I have 140 JUL 640/650 Bull Put Spread @$.4 credit. Could you folks please offer an opinion for constructing a hedge. If I should, how? Thanks, Bob

I am tempted to go for it. There is some good premium out there and just how much will the Fed news effect things at this poin?

Quote from nlslax:

I couldn't agree more. Oh well, at least the goose egg wasn't a big loss. I'm still learning. In fact I have been trying to absorb the hedge of employing IWM. Can I assume that it is similar to what Phil does with SPYs to hedge his SPX spreads? Thanks, Bob

My strategy is to close my position if the current moves to within 15 points of my short strike. Should have stuck to my guns but was listening too much to the notion that a major sell off was, possibly, coming. I suffered from premature liquidation...:eek:

Piccon; I'm a Russell 2K condor guy. You are not alone. I used OXs virtual trader for about six months and then jumped in for real last Feb. So far I've made about 4% per month. I bailed out at break even on my June position. In retrospect I should have stayed in because my June 640/630 Put...