June 2014, RUT Credit Put Spread

Stimulated by the blood bath in RUT the last 9 days, I opened the first June position of the year. Normally I don't go that far in time (69 days to exp.) But in this case I didn't want to miss what seems to be a good opportunity and because I already have a May 1000/1010 RUT Credit Put spread, I wanted to diversify the exposure using a different month.

Here goes the trade:
Sell 2 RUT 930 June Put @5.60
Buy 2 RUT 920 June Put @5.00
Net Credit: 0.60 ($120 in 2 per leg)
Days to expiration: 69

Here's RUT for future reference, and the little yellow lines represent my current Credit Put spreads diversified over the prices spectrum and over different expiration cycles.
April 1055/1060
May 1000/1010
June 920/930
(Click on image to enlarge)

Oh boy, do I hate this kind of exposure!

Fortunately the April one is going away in 6 days. As of now I don't plan to hold the June 920/930 to expiration, but lock in a winner early as there's too much time to expiration.

Check out 2014 Track Record

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Weekend Portfolio Analysis (May 3, 2014)
Weekend Portfolio Analysis (May 10, 2014)
Weekend Portfolio Analysis (May 25, 2014)
Weekend Portfolio Analysis (June 7, 2014) 
Weekend Portfolio Analysis (June 14, 2014)

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