Trade Details:
4 Feb RUT 1240/1250 Credit Put spread @0.60 credit each
3 Feb RUT 1530/1540 Credit Call spread @0.95 credit each
6 Feb IWM 154 Long Calls @0.28 debit each
Net Credit: $357
Max Risk: $3,643
Profit/Risk Profile
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSq4N6yKrJ1qaoJvyzBDqLwCh0u1BzK9sh9GkXNaKkSSNYN-SjFJMwgnFF6mpSj9Ip_p8DyPLTKveN_s4m6ArkhOjfCVxyB29zd-SaqrYDBfP1pGQnpSdyQuAyb_ueHlp05ysATJlGqtkv/s640/RUT-Feb-Elephant.PNG)
RUT Chart for future reference:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTvqyZ6A05_EgZziYFN-tWHkzhF5Q7mU3Eh3adh5aIdztR2574uDIOl9VerYJ0oJvlWhlflVZeInlIA4jXLa-yngi8lMiiOZHP1Iit20GE9tdCe1deKXMvJOT-hhQ1ds51W7uklked0X5Z/s640/RUT-Credit-Put-spread-2-Feb.PNG)
Trade Update (January 18, 2019)
Closed the Call side at a loss, left the Put side open, whose credit is greater than this Call side loss.
- Closed 3 Feb RUT 1530/1540 Credit Call spread @2.10 debit each
Original credit received was 0.95. This is a 1.15 loss per spread (x3 = -$345)
- Closed 6 Feb IWM 154 Long Calls @0.50 credit each
Original debit invested was 0.28 per contract, this is a 0.22 gain (x6 = +$132)
Combining both things, the net loss on the Call side is $213
The Put side remains in play, very safe at this point, and with a credit of $240 on that side it should overcome this loss.
Trade Update (February 15, 2019)
Put side expires for max profit:
4 Feb RUT 1240/1250 Credit Put spread
Net profit: 0.60 per ($240 for 4 spreads)
Combined with the earlier loss on the Call side, the net result is a small winning trade 240 - 213 - $27
On an initial Max risk of $3,643, this is a +0.7% Return on Risk.
4 Feb RUT 1240/1250 Credit Put spread @0.60 credit each
3 Feb RUT 1530/1540 Credit Call spread @0.95 credit each
6 Feb IWM 154 Long Calls @0.28 debit each
Net Credit: $357
Max Risk: $3,643
Profit/Risk Profile
RUT Chart for future reference:
Trade Update (January 18, 2019)
Closed the Call side at a loss, left the Put side open, whose credit is greater than this Call side loss.
- Closed 3 Feb RUT 1530/1540 Credit Call spread @2.10 debit each
Original credit received was 0.95. This is a 1.15 loss per spread (x3 = -$345)
- Closed 6 Feb IWM 154 Long Calls @0.50 credit each
Original debit invested was 0.28 per contract, this is a 0.22 gain (x6 = +$132)
Combining both things, the net loss on the Call side is $213
The Put side remains in play, very safe at this point, and with a credit of $240 on that side it should overcome this loss.
Trade Update (February 15, 2019)
Put side expires for max profit:
4 Feb RUT 1240/1250 Credit Put spread
Net profit: 0.60 per ($240 for 4 spreads)
Combined with the earlier loss on the Call side, the net result is a small winning trade 240 - 213 - $27
On an initial Max risk of $3,643, this is a +0.7% Return on Risk.
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