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Friday, February 15, 2019

April RUT Elephant

Trade Details:

4 Apr RUT 1400/1390 Credit Put spread @0.65 credit each
3 Apr RUT 1675/1685 Credit Call spread @0.95 credit each

3 Feb IWM 165 Long Calls @0.64 debit each

Net Credit: $353
Max Risk: $3,647

Risk Profile


RUT Chart for future reference:

Trade Update (March 6, 2019)

Closed the Call side for a profit:
3 Apr RUT 1675/1685 Credit Call spread @0.18 debit
Original credit was 0.95 per. Net gain 0.77 = +$231

3 Feb IWM 165 Long Calls @0.14 credit
Original debit invested was 0.64. Net loss 0.50 per = -$150

Net gain +$81

Put side remains in play.



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