Wednesday, March 07, 2012

Adjust IWM

I sell some IWM Mar 75 puts to adjust my position, IWM@79.5. I was already short Mar 70, Apr 69 puts and Apr 85 calls and the ThinkorSwim software was showing me as delta negative (net short). This minor adjustment puts me back to net long for now. Not much premium on these Mar 75 puts, and there is still a big employment report on Friday. IWM 75 is support as well as the 200-day moving average.

Long APC IBM IWM MCD SPY XRT
net short GLD
* long BRKB
* short GDX
* delta is near zero on these positions

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