Day 45: May Expirations on RUT
Some notes:
- 200/50-day uptrending.
- 5/20 day downtrend.
- The flag pattern broke to the upside. Maybe an ugly W. double bottom. Kiss goodbye? Coming?
- Candlesticks. Strong up candle.
- Looking at 1500/1550 for 2.00. and 2040/2050 for 30 cents.
Positions: Vcall 2040/2050 for 30 cents (example 10 contracts). Vput 1550/1500 for $ 2.00 (2 contracts).