Happy New Year everyone!
It’s been a few days since the last update but that is just because the position has not changed and nothing exciting has happened. We got a bit of a pullback on Thursday and that benefited all three of our RUT trades.
As of today the 55 day January trade is up about $500 and is looking good. We got a target of $1500 so there is still a long way to go. Depending on what RUT does this week, we may end up lowering the target some but for right now we are still trying for the $1500. Here is what the position looks like:
The 30 Day Method 1 is feeling a lot better now that RUT finally came back a little. The trade is currently at about break even after being down around $500 earlier in the week. We still got a target of $900 but I’m thinking that if we get up $500, then we should seriously consider taking the money. Here is the current position:
The 30 Day RUT Method 15 is still down about $140. The profit target was lowered to $1000. Hmm I don’t know, we’ll have to see if we can squeeze that out. Here is the position:
The Feb 55 Day position has not changed either. It is up a small amount but only 1/3 of the position is on. The current plan is to add to the position when RUT hits 645.39 or 30 DTE, whichever comes first.