Trade Details:
SELL 20 RUT October 1590/1600 Credit Put spreads @0.60 Credit
SELL 8 RUT October 1810/1820 Credit Call spreads @0.90 Credit
Long hedges:
BUY 18 IWM October 182 Calls @0.20
BUY 1 IWM October 161 Puts @0.97
Total Net Credit: $1,463
Days to Expiration: 43
Risk profile:
RUT Chart for future reference:
Trade Update (October 5, 2018)
Adjusted Put side:
CLOSED 20 RUT October 1590/1600 Credit Put spreads @2.20 Debit
Original credit received was 0.60. Loss is 1.60 per spread = -$3200
CLOSED 1 IWM October 161 Puts @2.09
SELL 20 RUT October 1590/1600 Credit Put spreads @0.60 Credit
SELL 8 RUT October 1810/1820 Credit Call spreads @0.90 Credit
Long hedges:
BUY 18 IWM October 182 Calls @0.20
BUY 1 IWM October 161 Puts @0.97
Total Net Credit: $1,463
Days to Expiration: 43
Risk profile:
RUT Chart for future reference:
Trade Update (October 5, 2018)
Adjusted Put side:
CLOSED 20 RUT October 1590/1600 Credit Put spreads @2.20 Debit
Original credit received was 0.60. Loss is 1.60 per spread = -$3200
CLOSED 1 IWM October 161 Puts @2.09
Original Debit paid was 0.97. Gain = $112
Net loss in the whole thing = -3200 + 112 = -$3088
Deployed new Credit Put spread:
SELL 20 RUT October 1540/1530 Credit Put spreads @0.60 Credit
The new position is now:
1530/1540/1810/1820 ($1920 credit)
plus
Long 18 IWM October 182 Calls @0.20
Trade Update (October 11, 2018)
Adjusted Put side:
CLOSED 20 RUT October 1540/1530 Credit Put spreads @2.20 Debit
Original credit received was 0.60. Loss is 1.60 per spread = -$3200
Deployed new Credit Put spread in December cycle:
SELL 20 RUT December 1350/1340 Credit Put spreads @0.70 Credit
Total credit $1400
Trade Update (October 19, 2018)
Call side expires:
8 RUT October 1810/1820 Credit Call spreads @0.90 +$720
18 IWM October 182 Long Calls @0.20 -$360
Net-net the Call side results in a $360 profit
The only thing that is now left is the 20 RUT December 1350/1340 Credit Put spreads @0.70 Credit ($1400)
Trade Update (December 19, 2018)
Closed the Put spread before the FED Announcement:
20 RUT December 1350/1340 Credit Put spreads @0.675 Debit
Small gain of 0.025 per spread. So $50 bucks in dollar terms.
I could have closed this thing weeks earlier for +$1000. Oh well,....
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