Yesterday, when we had a bounce to the 1005-1010 area in RUT, I started removing some of my call spreads since I was slightly delta positive and I like to keep it slightly delta negative. The market moved rapidly against me up to about 1023 area and I couldn’t get fills on any of the Rhinos at a decent price since it was a catapult upwards. The up move was quite bizarre, especially in the SPX with an almost -2% day to a positive in just minutes. The frustrations of removing trades \ud83d\ude42 I am not terribly delta negative but still, I could have gotten much better prices had I been able to remove some of the complimenting Rhinos. Today, I’ll start removing Rhinos, and I’ll aim to be out of most of the trades by Tomorrow AM. Tricky market–always a challenge.<\/p>\n
My April trades are pretty heavily delta negative and I’ll look to start adding either some call BWBs or some calendars to get them down a bit. <\/p>\n
Not much else…we have some data at 8:30am, I am hoping it gaps us down a bit so I can get rid of some of those Rhinos!<\/p>\n","protected":false},"excerpt":{"rendered":"