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Monday, August 1, 2016

September RUT Lazy Elephant

Today was the official debut of the Lazy Elephant strategy with real money:

Buy 10 RUT 1090 Sept Put  (3.85 each =  385 * 10 = $3,850 debit)
Sell 10 RUT 1100 Sept Put  (4.50 each = 450 * 10 = $4,500 credit)
Sell 10 RUT 1280 Sept Call (3.55 each = 355 * 10 = $3,550 credit)
Buy 12 RUT 1290 Sept Call (2.50 each = 250 * 12 = $3,000 debit)
Buy 1   IWM 113  Put (0.86 = $86 debit)

Net Credit from the Call side: $550
Net Credit from the Put side: $650
Total Credit: $1114 ($550 + $650 - $86 IWM Long Put debit)

Risk profile picture
(Click on image to enlarge)


A RUT chart at market close for future reference and self-study:
(Click on image to enlarge)

Trade Update - August 26, 2016

Bought to Close 10 RUT October 1280 Call @2.23 debit each ($1320 gain) ( 3.55 - 2.23) * 10

Sold to Close 12 RUT October 1290 Call @1.40 credit each ($1320 loss) (-2.50 + 1.40) * 12

Closed 10 RUT October 1090/1100 Credit PS @0.20 debit each ($450 gain) ( 0.65 - 0.20) * 10

Sold to Close 1 IWM October 113 Call @.11 credit ($75 loss) (-0.86 + 0.11)

An overall gain of $355 before commissions.
With commissions included it is just $269.
Reducing portfolio exposure as I just started trading the October cycle this morning.


Check out 2016 Track Record


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