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Tuesday, July 16, 2019

September RUT Elephant

Trade Details:

4 Sep RUT 1390/1380 Credit Put spread @0.70 credit each
2 Sep RUT 1660/1670 Credit Call spread @1.15 credit each

3 Sep IWM 167 Long Calls @0.32 debit each

Net Credit: $414
Max Risk: $3,586

Risk Profile


RUT Chart for future reference:




Trade Update - September 5, 2019


Closed the entire position 15 days before expiration:

Closed 4 Sep RUT 1390/1380 Credit Put spread @0.25 debit each
Original Credit 0.70. Net gain 0.45 per =  $180 for 4 spreads.

Closed 2 Sep RUT 1660/1670 Credit Call spread @0.05 debit each
Original Credit 1.15. Net gain = 1.10 per = $220 for 3 spreads

Closed 3 Sep IWM 167 Long Calls @0.02 credit each
Original Debit 0.32. Net Loss = 0.30 per = $90 for 2 contracts

Putting it all together:
+$180 + $220 - $90 = +$310

On a Maximum Risk of $3,586 in the position, this represents an +8.6% Return on Risk


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