Sell IWM May 70 puts IWM@83.5
I buy some IWM delta by selling puts to rebalance my position in the Russell 2000 ETF, back to slightly delta positive. I was already short Apr 69 and 70 puts, 85 calls and long May 88 calls. This morning's move higher increased my negative delta.
Eeep, by the time it takes to type this up and post this, IWM falling back to 83.0, down 0.5 from time of trade. It happens, and it never feels good when it happens.
Long APC AXP IBM IWM SLV SPY XRT
net long GLD, IWM
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