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Monday, April 20, 2020

June 2020 RUT Elephant

Trade Details:

4 June RUT 890/880 Credit Put spread @1.20 credit each
2 June RUT 1460/1470 Credit Call spread @1.05 credit each

2 June IWM 147 Long Calls @0.59 debit each
1 June IWM 89 Long Put @1.70 debit each

Net Credit: $402
Max Risk: $3,598

Risk Profile


RUT Chart for future reference:



Trade Update - May 13, 2020

Closed the whole thing:

4 June RUT 890/880 Credit Put spread @0.20 debit each.  1.00 gain per spread x 4 = +$400
2 June RUT 1460/1470 Credit Call spread @0.70 debit each. 0.35 gain per spread x 2 = +$70

2 June IWM 147 Long Calls @0.31 credit each.   0.28 loss per contract x 2 = -$56
1 June IWM 89 Long Put @0.27 credit.      1.43 loss per contract x 1 = -$143

Combining it all:  +400 + 70 - 56 - 143 = $271
On a Max Risk of $3,598 this represents a +7.5% Return on Risk.

Out of the position 5 weeks away from expiration.


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