Diary | 2/5/20 | RUT SpreadDescription:
Selling into some weakness on the RUT.
Justification:
- Directional Play? No, neutralizing delta's on existing RUT positions.
- Technical: Below the 20 and 50-day moving averages.
- Fundamental: Bullish long-term.
If/Then:
- Take profit? @50%
- Where will you hedge? $1725
Strategy Details
- Short and Long legs: $1615, $1600
- Short Delta: 0.14
- Duration: Feb 21 Expiration