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So, I obviously screwed up by selling those two IWM calls...now I'm left with less protection to the upside.
I don't have much experience trading these M3s in a downward market, and I think this was probably only the second or third time in the last 16 months that I had to worry about my a delta going over +10...usually I'm fighting a negative delta dropping past -10...lol
Instead of selling my IWM calls to get my delta back in line, I should have purchased some put verticals I suppose...the opposite of what I had done in the past when the market was going up and pushing my delta down past -10...I purchased call verticals spreads...not sure why I thought selling some of my IWM calls, especially this early in the trade, was the way to go...DOH!
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