Do not expect a lot of activity for the next couple days as I think the market is waiting for the employment report on Friday.
The RUT really took off today. I had no choice but to adjust. I exited the Jan/Feb 600 spread leaving this position only long the Jan/Feb 620 calendar.
Today, implied volatility increased in a smooth orderly fashion.
We made more money on the RUT today. The position is acting the way I predicted. Thus, the market was flat and this position made money. This is an old article I wrote briefly explaining how the VIX isn't a perfect way to monitor implied volatility.
Again, the RUT did little to nothing. Again, the trade makes a little money. $450.00 to be exact.
We are going to be taking it easy this week. Just updates on the RUT position. Basically, this position wants the RUT to stand still or drop, if it does that, it will make money.
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