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Monday, April 1, 2019

May RUT Elephant

Trade Details:

4 May RUT 1400/1390 Credit Put spread @0.60 credit each
2 May RUT 1650/1660 Credit Call spread @1.10 credit each

3 May IWM 166 Long Calls @0.24 debit each

Net Credit: $388
Max Risk: $3,612

Risk Profile

RUT Chart for future reference:

Trade Update - April 9, 2019

Added one more IWM May 166 Call to flatten the T+0 line to the upside a bit more.
Debit invested 0.28
Now four IWM 166 Calls in total, $100 total debit paid for them. Avg Call option price is therefore 0.25

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