tag:blogger.com,1999:blog-5375291312433129989.post8477816175361918793..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: November 2013 RUT Call Credit SpreadHenrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5375291312433129989.post-19550092410608683872013-10-19T11:10:41.189-04:002013-10-19T11:10:41.189-04:00Hey buddy,
I did, I sold the RUT 970/975 Bull Put...Hey buddy,<br /><br />I did, I sold the RUT 970/975 Bull Put spread during that sell off http://www.the-lazy-trader.com/2013/10/SPX-Credit-Put-Spread-Adjustment-RUT-Bull-Put-Spread.html<br />But I used October options. Couldn't do it in November too as I didn't want to have 100% of the capital locked, and I was about 80% invested at that point.<br /><br />Your plan looks good. And your lessons this year are valuable, I think many traders have realized that. Selling credit spreads has been a great cash cow for the last few years, but now we are facing a more challenging scenario. Just part of the process man.<br /><br />Thanks,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-66043888595704177222013-10-19T10:21:21.908-04:002013-10-19T10:21:21.908-04:00I like your position better than mine. You were ab...I like your position better than mine. You were able to get in for 10 points higher than my 1150/1155 for the same credit. I am curious why you did not sell a bull put spread a couple of weeks ago when we were oversold. You could have gotten the 940/935 for $.45 credit or more like I did. <br /><br />My plan with this RUT iron condor is to roll the 940/935 up to 1050/1045 if market drops next week. I want to roll for an additional .30 credit. I know this is aggressive but we are still in a bull market, the world economy is doing much better and we still have the Fed putting the gas to the metal on QE. The big lesson that I learn this year is that bull put spreads are easier to roll for a smaller debit than bear call spreads. Markets tend to correct quickly and march higher slowly. The only trouble I had in the last 2 years were with my bear call spreads. Never with the bull put spreads.<br /><br />In the event that RUT keeps marching higher, I will adjust the 1150/1155 bear call spread when RUT is around 1145. Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com