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BookingAlpha Option Trading Advisory

Tuesday, November 22, 2016

December30 RUT Credit Call Spread

Today I initiated a December30 position in RUT:

Trade details:

SELL 10 December30 RUT 1410 Call @2.69
BUY  10 December30 RUT 1420 Call @1.79

Total  Credit received: $900 (0.90 * 10)
Max Risk: $9100 (9.10 * 10)
Days to expiration: 38

A RUT chart for future reference and self-study:
(Click on image to enlarge)
I'm being extra conservative this late in the year, deploying less than 9% of the portfolio in this play. If it ends up being a loser, it won't drastically impact the portfolio. 

Trade Update - December 5, 2016

Closed 10 DEC30 RUT 1410/1420 Credit Call spread @0.45 debit
Original credit: 0.90
Balance: +$450     (0.90 - 0.45) * 100 * 10

Check out 2016 Track Record

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