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Monday, June 24, 2019

August RUT Elephant

Trade Details:

4 Aug RUT 1390/1380 Credit Put spread @0.70 credit each
2 Aug RUT 1650/1660 Credit Call spread @1.15 credit each

3 Aug IWM 166 Long Calls @0.33 debit each

Net Credit: $411
Max Risk: $3,589

Risk Profile


RUT Chart for future reference:




Trade Update - July 16, 2019

Closed the entire position since more than 70% of the max profit has been made while we are still 31 days away from expiration. Will use the capital to deploy a new position in the next month cycle.

Closed 4 Aug RUT 1390/1380 Credit Put spread @0.25 debit each
Original Credit: 0.70.
Gain:0.45 ( +$180 )


Closed 2 Aug RUT 1650/1660 Credit Call spread @0.35 debit each
Original Credit: 1.15.
Gain: 0.80 ( +$160)

Closed 3 Aug IWM 166 Long Calls @0.09 credit each

Original Debit: 0.33.
Loss: 0.24 ( -$72 )

Combining it all it is a $268 gain. Which, on a max risk of $3,589 in the position represents a +7.5% Return on Risk


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