Today is the 8th day of RUT consecutive rises. It looks like the RUT is running outside the top Bollinger band for 6 days now. I had refrained from adjusting the Delta of my RUT positions in the last few days. However, my current portfolio Delta is approaching -45 from last Friday's value around -36. It's a little bit over may desired range. Hence, I cut the portfolio Delta by 5 using TNA (the 3 X RUT ETF equivalent) as I planned before. I could not find a satisfactory option strategy for the adjustment at the moment. I think this happens after a few calendar adjustments which increase the Gamma and Vega of the portfolio significantly. The black horizontal line in the chart below represents the real zero profit level.