This wont be good to short until it reaches 55-60. The earnings for the RUT are now 25-35 % HIGHER than what they were in 2007, when RUT reached reached highs of 856. How many time do I have to repeat this ?
I am short the May 38 calls agasint holdings. I am nowhere nearf as certain as you about the direction TNA will move, and I just may buy back teh May calls next week, take my loss on them , and roll out to another call June, July, or Aug. Since one of my constrainst is the fact that I may be very messed up for a while after my open heart surgery later this month or earlly next month I may want to have a bit of tiem before I have to make decisions on this.