Good Morning Gang,
I hope you had a great holiday weekend.
Let's take advantage of this morning's spike down to put on our first January position. I know it's a bit early, but I like the cushion. With the RUT at about 455, let's:
Sell 20 January RUT 290 puts - RURMI
Cushion of about 165. Maintenance is $20,000.
Be careful. Double check the option symbols before you place your trade. And, adjust the number of contracts to your account size and/or risk tolerance.
Remember, this trade is a guideline for you. You may want to wait to see if there is further downside. It's possible we may be able to get more cushion or a bit more premium. As you know, I prefer more cushion. I'll let you know where we get filled.