CHRISTMAS PROMOTION
LTOptions at a 33% discount during the Year End Holidays.
Tell me More

Thursday, September 5, 2019

October RUT Elephant

Trade Details:

4 Oct RUT 1350/1340 Credit Put spread @0.65 credit each
2 Oct RUT 1610/1620 Credit Call spread @0.90 credit each

4 Oct IWM 162 Long Calls @0.20 debit each

Net Credit: $360
Max Risk: $3,640

Risk Profile


RUT Chart for future reference:



Trade Update - September 12, 2019

One week after the entry, RUT has rallied 4%+


I'm closing the whole Call side and letting the Put side run:

2 Oct RUT 1610/1620 Credit Call spread @3.20 debit each
Original Credit was 0.90 per.
Loss 2.30 per, which means -$460 in dollar terms

4 Oct IWM 162 Long Calls @0.95 credit each
Original debit was 0.20 each
Gain 0.75 per, which means +$300 in dollar terms

Combining both -460 +300 = $160 loss today
But, no more Call side exposure and a Put side with $260 credit, now looking safer and if it wins it is more than enough to compensate for today's loss on the Call side.


Go to the bottom of this page in order to see the Legal Stuff

No comments:

Post a Comment