the russell is on the move
Posted on October 13, 2006 at 8:46 am By Ryan in Options Trading, Papermoney | DisclaimerThis morning the Russell 2000 hit 760, about 30 points away from the short strike on our Bear Call Spread. I did a very quick analysis on the risks to the position and it’s about 4% risk that the Russell will close above 790.
Personally, I’m happy to absorb a 4% risk to the position, if the Russell continues to shoot up and moves into the 775 range, I will re-evaluate and possibly close early. I’m not to worried about having to do this; however, I thought it would be good to share my thoughts 
Trade smart!
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One Response to “the russell is on the move”
Hi Ryan,
I googled myself and found your page. I’ve read a number of your postings and am very pleased you are doing so well with our strategies.
I wish all traders would take the time to write a journal, writing down the reasoning behind their trades, etc. It’s an excellent practice.
Congratulations on your marriage and keep up the good work.
Mike Parnos