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Monday, January 6, 2020

February 2020 RUT Elephant

Trade Details:

4 Feb RUT 1520/1510 Credit Put spread @0.65 credit each
2 Feb RUT 1750/1760 Credit Call spread @1.05 credit each

4 Feb IWM 176 Long Calls @0.20 debit each

Net Credit: $390
Max Risk: $3,610

Risk Profile

RUT Chart for future reference:



Trade Update - February 5, 2020




Closed the whole thing

4 Feb RUT 1520/1510 Credit Put spread @0.15 debit each
Original credit received was 0.65 per.  Net gain 0.50 = $200 for 4 verticals

2 Feb RUT 1750/1760 Credit Call spread @0.20 debit each
Original credit received was 1.05 per.  Net gain 0.85 = $170 for 2 verticals

4 Feb IWM 176 Long Calls @0.05 credit each
Original debit paid was 0.20 per. Net loss 0.15 = -$60 in 4 contracts

Combining it all  +200 + 170 - 60 = +$310

On an initial Max Risk of $3,610, this repreents an 8.6% Return on Risk


Check out 2020 Track Record

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