Friday, April 3, 2009

position adjustment

Since we are closer to the expiration, we have to start managing gamma risk. Yesterday the momentum was very strong and so i made an adjustment to sell 1 contrat of RUT Apr 380 put for $2.10. Friday price action will determine how i should adjust my position next week.

Credit to account today = $210

Total Debit for the portfolio = $1980

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