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Friday, June 9, 2017

July 2017 RUT Unbalanced Elephant

Trade Details:

20 RUT 1310/1320 Credit Put spreads 0.60 Credit ($1200)
8 RUT 1500/1510 Credit Call spreads 0.90 Credit ($720)

plus

2/19 IWM 134/151 Unbalanced Long Strangle (.71 debit for the 134 strike Puts, .19 debit for the 151 strike Calls. Total debit paid: $503 )

Net Credit: $1417
Days to Expiration: 42

VIX at 9.50. This is going to be an interesting trade.

Profit picture:(Click on image to enlarge)



A RUT Chart for future reference and self-study:
(Click on image to enlarge)



Trade Update - July 21, 2017

The entire Elephant expires for max profit of $1,417. No real threats were ever suffered while on this position.

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


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