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Tuesday, April 23, 2019

June RUT Elephant

Trade Details:

4 June RUT 1425/1415 Credit Put spread @0.60 credit each
2 June RUT 1680/1690 Credit Call spread @1.10 credit each

4 June IWM 169 Long Calls @0.27 debit each

Net Credit: $352
Max Risk: $3,648

Risk Profile

RUT Chart for future reference:



Trade Update - May 15, 2019

Closed Call side entirely

2 June RUT 1680/1690 Credit Call spread @0.25 debit each
Original Credit was 1.10 each
Gain: 1.10 - 0.25 = 0.85  or $170 in dollar terms

4 June IWM 169 Long Calls @0.07 credit each
Original Debit invested was 0.27 each.
Loss: 0.07 - 0.27 = -0.20 or -$80 in dollar terms for 4 contracts.

Combining both, there is a net $90 profit ($170 - $80)

Put side still in play


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