I added a weekly call and a few more 1140 BFs to this trade to replace the 1060s. I have an order to remove the 1060 BFs at $4.1 but it’s not filling. I’m not in a huge rush as I don’t think we have too much risk to the upside right now. The RUT has travelled about 85 points in 5 days and the last 6 up moves are in the ranges of
(60,60,50,50,60,85)
Using the highest bounce as a guidance puts us at about 1170 before the rebound is over. It helps to know these things but it doesn’t mean it can’t go higher. I have my order in and if it fills I’ll be happy, if it doesn’t, I’ll try again Monday.
