For those of you who missed out on the RUT 830/840 bear call spread for December, this morning's upswing is providing another opportunity. At this writing, with the RUT at 771, the natural is at $.40 -- and you might be able to get another nickel or dime. That still provides us with an almost 60 point cushion to the upside, which is reasonable.
For those holding the RUT November 800/810 bear call spread, if you're concerned, you can get out of the position for about $.65 right now. Our cushion, with less than two weeks left, is less than 30 points.
Good luck and trade smart!!