Today was another (massively) bullish day! I was thinking it would open higher and give back the gains... it actually looked like that was going to happen. But the market marched higher and really never looked back. The SPX closed at an all-time high and above 2190 where the max gain on our 2180/2190 call spread was achieved. However, I got out as the market opened higher at only a credit of 7.25 (still doubling our money).
The RUT marked its 12th consecutive higher close. After hours, the markets are up again strongly. This creates lots of stress on our remaining bear call spreads, which we have on all the indexes.
One precarious item today was the VXST move. It actually bolted 13% higher, while all other volatility indexes fell. This may give us an opportunity to make some adjustments and add some bull put spreads tomorrow if we can get an intraday pullback.
The real question is when will the RUT register a down day?
