The RUT continues to chop near the 740 area so our position is still increasing in value as our Theta increases now on a daily basis.
Our goal is still to buy back the position between Sept 9th and 15th to maximize our profit as best as possible without putting the position in a lot of GAMMA risk.
The current Mark (mid-price) to buy back this position as market close today was $7.80. We had sold the position originally for $8.50 credit leaving us with a $1.50 risk.
Our current profit is $.70 (with 1.50 risk), therefore current ROI is 46%.
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