By: Jay Pestrichelli
With just two trading days to go until expiration, the Russell 2000 (RUT) has found itself within 3% of the HiPOS 1430 short strike. We wanted to provide an update as many of you have reached out with questions.
While the probabilities are still in favor of a successful expiration this Friday (October 26th), there is an increasing chance we will have to take some defensive action if the Russell 2000 approaches the purple line drawn above.
We will update as new information is available.