The market is on the positive after falling for a few days. The unemployment numbers are coming and CSCO earnings in the next few days. I'm going to keep the IWM put as a hedge, but I should have exited the trade on Monday.
The unemployment numbers are going to be bad, but I'm not sure how the market will react. If the market goes down, I'm going to close the IWM puts and RUT vertical spreads. If the market shrugs off the bad number, we're going to rally and I should exit my negative delta positions. We will know by Friday. In the meantime, my RUT positions are decaying away.
Tuesday, February 3, 2009
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