Sunday, February 10, 2008

Russell 2000 (RUT)

I have a vertical with a short Feb 690 Put. I don't feel comfortable that the stock will stay above that at expiration this week. And as we get further into the week it will be even harder to get out of it.
So I am buying back the spread at a loss.
Order to buy at 3.20
Orig credit on the iron condor was 2.35
So total loss of 1.15

Update:
Order actually filled at 2.90
So total loss of 0.55

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