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The RUT Weekly expires Friday AM 4/27, so Thursday is the last day of trading.

Looking forward to it. Thanks.

That would be nice to see as well since I sell CC mainly on large value stocks - to see how you would normally hedge the basket (SPX puts, VIX calls).

I will follow this thread. I would prefer using low beta stocks vs SPX but this will be instructive as well.

I didn't adjust the WMT position because the 55P premium is too small. I persuaded myself that getting assigned @ 57.5 is okay. I may roll down and out later, but sticking to my original trade for now.

@ babutime & scottandmo, yes risky, and I'm thinking to get out of it & replacing it with the MAY 55P even though there's not much premium there, but I'd be happy to own @ 55 while waiting in the meantime.

anyone playing WMT? I sold MAY 57.5P @ 0.61 today

Thanks again. Good luck, sounds like an interesting strategy.

Thanks for the pics. I've considered trying something like this out. I've traded SPX and RUT but not NDX yet. How many weeks/months prior to expiration do you like to put on the trade?

I like your JUL 430P idea - seems much safer with that strike price. I was thinking of annualized returns, but as you said the vol should come in and you could exit right after.

I couldn't stand it anymore, and sold AAPL 520P Weekly @ 4.4. Willing to keep the stock. Maybe dumb move before earnings, but I still think AAPL is a good stock.

How far away do you place your short strikes on your double broken flys?

I totally guessed wrong on direction but still made a small profit on my MAY 660/680/700 fly.

oh never mind. The voting will be in June, so it won't affect my position.

Do you know when the split will occur? I have a 660/680/700 fly, and I assume strikes will be adjusted fairly.

Wouldn't this require constant adjustment, which isn't great for the retail trader?

atticus, what do you mean sell index skew and hedge or how do you do this? Are you doing put front spreads, risk reversals (sell puts to finance calls) or what? Thanks.

Yes, trading on opportunity sure beats trading out of necessity. I put on small positions while waiting. I miss the days when you can actually get some interest parking cash in T-Bills because there you can readily liquidate to get the cash back when the right time to trade comes. Thanks.

This makes good sense, but where to put the cash all the other times to keep safe but still generate some income?