Trades

There are a few things that I am thinking about today and holiday theta decay is a big one. Thursday the market is closed Friday is a partial day and we have a nice weekend. Most of the time I try to get my positive theta trades working well before major holiday breaks. This is no exception, I'm setting credits and debit spreads today. I like almost any short put spreads on the $SPX below 990 and below 520 on the $RUT. I will wait to set short call spreads to see if we continue this rally into thanksgiving.

The $RUT calendar I set two weeks ago was taken off for 14.37%. I also added some short puts on AAPL around 180 and I'm looking to sell some more on any weakness. I still have my iron butterfly on the $SPX, shown below in the risk graph.

Volatility is nearing the 20 mark on the $VIX, and I think that we might have a chance this time to break into the teens. The reason I think we might is I'm expecting a rally into Christmas, and another reason for my short AAPL puts.

Other then that I feel bullish on the market till about 1125-1130.