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Tuesday, September 4, 2012

September RUT Bull Put Spread Closed

BUY TO CLOSE 6 September RUT 780 PUT @4.90
SELL TO CLOSE 6 September RUT 775 PUT @4.20

Debit: 0.70 

The initial trade had been entered for a CREDIT OF 0.60. Closing the spread for 0.70 debit results in a loss of 0.10. In 6 contracts per leg = 6 * 0.10 * 100 = $60. See order execution below.

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