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BookingAlpha Option Trading Advisory

Tuesday, June 12, 2018

July RUT Elephant

Trade Details:

SELL 40 RUT July 1575/1570 Credit Put spreads @0.35 Credit
SELL 16 RUT July 1745/1750 Credit Call spreads @0.45 Credit

Upside and downside hedges:
BUY  16 IWM July 175 Calls @0.18
BUY  2   IWM July 159 Puts @0.74

Total Net Credit: $1,684
Days to Expiration: 38


Risk profile:
 

SPX Chart for future reference:



Trade Update - July 20, 2018

Entire position expires for max profit of $1684



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