Well, this morning's pullback has provided me with an offer I can't refuse. I'm looking at putting on our first September position. I know it's early, real early, but I like the safety and the premium that's available.
With the RUT at 822.73, let's:
Maintenance is $20,000. Cushion is 123 points.
Remember, with the RUT, you can place your credit limit orders in pennies. I was filled at $.70 and $.68 a few minutes ago. It's a wait of 7 1/2 weeks, but I think it will be worth it.
Good luck, trade smart, and double check your strikes and symbols before placing your orders.
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