20 RUT 1220/1230 Credit Put spreads 0.66 Credit ($1320)
8 RUT 1470/1480 Credit Call spreads 0.92 Credit ($736)
2/15 IWM 126/148 Unbalanced Long Strangle (.95 debit for the 126 strike Puts, .24 debit for the 148 strike Calls. Total debit paid: $550 )
Net Credit: $1506
Days to Expiration: 56
Profit picture:(Click on image to enlarge)
A RUT Chart for future reference and self-study:
(Click on image to enlarge)
The entire Elephant reaches expiration.
Max profit of $1,396 achieved.
Technically the IWM Options that are part of this RUT Elephant, expire tomorrow and not today, but they will expire worthless anyway.
For details about the management of Unbalanced Elephant positions consider an LTOptions.com membership, where there is also material that discusses how to put this type of position in small accounts too.
Check out 2017 Track Record