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TIME TO ROLL - POSITION ADJUSTMENT

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Hi Gang,

Time to roll our 740 RUT to September.

Roll down & out to September.

1) Close the 20-contract August 740/730 bull put spread position .

2) Open a new 30-contract September 670/660 bull put spread

3) Open a new 30-contract September 840/850 bear call spread

The market is moving too fast to come up with specific amounts. The streaming quotes just won't sit still. I was hoping to get through today to see what the Fed will do, but the prudent thing to do is to act now.

Be careful and trade smart. I'll be back in touch with specific numbers as I get filled.

Mike




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