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Following yesterday’s post regarding successful expiration, another trade presented itself as the market experienced one of the worst days of the year.

This week I joined Derek Moore once again on a podcast (listen by pressing play below) to talk about what else but volatility.

After the mid-term election turned out how the pundits predicted it would, the markets rallied big Wednesday and have been selling off yesterday and today.

After some real volatile trading sessions, today’s Halloween session marked the first time in the last 13 trading sessions that we finished up two days in a row.

This morning’s higher open afforded us the chance to do something we haven’t done in a while; roll the position down (strike prices) and out (date of expiration) for a net credit of 1.2%.

With just two trading days to go until expiration, the Russell 2000 (RUT) has found itself within 3% of the HiPOS 1430 short strike.