NaughtyPines

OPENING: IWM DEC 23RD 116/119 SHORT PUT VERT (DELTA HEDGE)

AMEX:IWM   iShares Russell 2000 ETF
My current IWM positions are skewing more delta negative than I would like, even after rolling up the short put sides of those yesterday to delta balance. Much as I hate to do it here (general rule: buy on weakness, sell on strength), I'm adding in a "smidgeon" of IWM long delta here selling the as nearest as I can get to the 20 delta strike on the put side.

If my net IWM delta skews back long, I'll add in the oppositional call side to this spread, creating a full iron condor in the Dec 23rd expiry.

Filled for a .38 ($38)/contract credit ... .
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