Mastercard and UNG

Last week I set two trades, the first was a cash secured put on UNG at the 9 strike and an ITM debit spread on MA. Today I closed both trades for 7% ROI. Today I will be looking for more trades to set for Oct and will continue to manage the rest of my open positions.

New highs are being made all over the place, but the one that I'm watching is the $RUT. Volatility is continuing to come out, but I would think that we will have a brief pop in volatility before the week is over. Considering that this is a triple witching week and we are starting to get long in the tooth, a brief yet small pull back is in order. When we get this pull back we have to be prepared to act, and act while you have the opportunity to set trades.

Below is the chart of the $RUT, and I think a pull back to the 590 level is not unreasonable. It might not be that deep of a pull back, so like a said be prepared to take action.