IWM – Roll 24 July

Late in the day of July 23 , the market dropped reversed sharply, sending IWM down to $147 levels. So today I had to adjust once more. Chose to roll back down to 147 strikes. This brought a loss of $255 per contract on the in-the-money puts offsetting a gain $104.45 on the CALL side. Our overall loss was negative $155.58 per contract. Our cash flow was a positive $7.33 per contract.

size: 35 contracts
Long Term Hedge: $93,159 or $2,661.68 per contract
Cash Flow to Date: $13,875 or $397.44 per contract
P&L to date : $32540 or $929.71 per contract