The market across the board rallied over 1%. My RUT Jan 620/330 call vertical spread is running into trouble if the market continues to move up. I drew a chancel of the move since November. If the channel holds we should pull back to the 580 level. I was thinking about getting into a 600Put calendar to play to pullback. It was trading about the $10.25 level.
GDP numbers are coming out tomorrow morning. It should be a market mover. Lets see if the Santa Claus rally will come to fruition. Maybe I should've waited a bit longer before entering short deltas.
1 comments:
I believe it has already run into trouble. And that's true regardless of how it plays out.
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