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Wednesday, November 27, 2019

January 2020 RUT Elephant

Trade Details:

4 Jan RUT 1485/1475 Credit Put spread @0.60 credit each
2 Jan RUT 1725/1735 Credit Call spread @1.00 credit each

3 Jan IWM 173 Long Calls @0.24 debit each

Net Credit: $368
Max Risk: $3,632

Risk Profile



RUT Chart for future reference:



Trade Update - January 6, 2020


Closed entire position


 

4 Jan RUT 1485/1475 Credit Put spread @0.05 debit each
Original credit: 0.60 per spread
Net: 0.55 gain per contract = +$220

2 Jan RUT 1725/1735 Credit Call spread @0.15 debit each
Original credit: 1.00 per spread
Net: 0.85 gain per contract = +$170

3 Jan IWM 173 Long Calls @0.02 credit each
Original debit paid was 0.24 per contract
Net: 0.22 loss per contract = -$66


Combining everything: +220 + 170 - 66 = +$324
Max Risk: $3,632
Return on Risk: +8.9%



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