Positions

We will have a hard time breaking the 515 level in the next week and a half. This position is short Vega and over the last two months volatility has been trending lower. But recently the $RUT has had a pop in vol levels. Then best scenario for this trade is that we stay in the range that we have been in or pop higher. One very nice thing about this trade is that if I'm wrong I can fix it, lower my break even and add more positive theta. If you look in the battle plan on the right side bar you will see an end of month butterfly. I'm just setting one side before the other.

The trade below shows my bullishness on the small cap stocks. But I remain bearish long term.

I haven't put any new positions on but we are getting close to expiration. I wanted to share my beta and some ideas.