Day 45: Dec expiration on the RUT
Some notes:
- Overnights. Asia flat. Europe is slightly up. The USA should be up slightly.
- 200/50 MA. Trending down
- 20/50 MA. trending down
- Support at 1650. Looks like it may go sideways.
- Resistance 1710.
- It was a flag down (big W-sideways). 68% continues down. And it did.
- Candlesticks. Sort of a harmi. But there is a good chance it will continue down. Profit taking. it is at the bottom third.
10:50 am. Positions: VPut 1400/1350 $ 1.80 (50 point spread). VCall 1870/1880 .30 cents.
PS: what about NOV PUT? 1550/1500 is my spot. A little worried. If it breaks 1650 (significantly). So if 1625 thinking about getting out. If it hits 1600 will get out. hoping for a bounce. Since Nov to Jan is usually up.