I’ve put in a few July adjustments for the papermoney account. I did a roll on the Russell Position moving the 610/600 Put Spread up to 670/660 and have an order out for a new MSH Call Spread. If I get the fill on the MSH Spread I’ll update this article and post the details on the portfolio page.

The Russell position is reflected in the portfolio page. My reasoning here is the market seems to have found a channel and we are in the summer doldrums. I was expecting a larger relief bounce, and since that didn’t come it appears that we are going to be a bit range bound for a while. I am still long term bullish; however for the next two and a half weeks I’m comfortable with a 5.22% chance that the Russell will expire below 670. As usual, my percentages are calculated using the great software from thinkorswim.

Categories: Options Trading, Papermoney