Watch For Trade Alert Today

With 22 days left to expiration, we can collect some premium on the upside If the market rallies substantially today. We expect to set up  a call vertical spread to compliment the put vertical that we already have on. If the RUT goes up by 14-20 points, we will place a call vertical spread with a delta .08. For risk management purposes, we will only put up half the number of contracts that we have on the put side.

So please stay tuned and watch for a trade alert in case we get a big up swing in the market.