RUT 450 Calendar @ 3.75 Closed @ 3.07 (-58%)

6/23

I exited the trade at $3.06 and $3.03 (-58%).

The june contract expired worthlesss and I closed the july contract. Since The RUT rallied so far from the 450 level. I had a huge loss with the trade.

I failed to follow my risk management strategy.

5/18

CALENDAR RUT 100 JUL 09/JUN 09 450 PUT @7.35 ISE, RUT MARK 487.95,

I purchased several RUT 450P calendars. I have a bearish bias. The RUT closed near +4% higher. My current position is already negative from the start. Not a good position to be in.

Need to monitor the position and adjust it if it goes higher.