We got some news on the central banks that the markets like so it looks like another 3 – 4% gap up in RUT this morning, at least right now. It currently looks like we will be gapping into a resistance level so it will be interesting to see if the big guys are going to sell into this like I would expect or if they jump on the bandwagon and create another extended rally.
I entered the January 2012 Bearish Butterfly yesterday. I bought 2 – 630/680/730 put butterflies. The position is shown below:
I also entered the last part of the January 2012 M3 trade and bought 1 – January 50 strike call. The position as of last night was up slightly. This morning it shows up $300+ but hat is not correct as the analyze graph is factoring gains in on the pre-market move of IWM. The position is shown below:
And last but not least is the Dec 2011 M3. This trade WAS up $1200 last night but is Delta negative and will take a bit of a beating this morning but shouldn’t be anything too bad. This position is shown below as well. Position is below:
If the gap holds, I’m sure there will be more to report before tomorrow.
That’s all for now,
Make it an awesome day!