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Wednesday, May 13, 2020

June RUT Elephant (2)

Second June RUT Elephant after the first one was closed

Trade Details:

4 June RUT 1030/1020 Credit Put spread @1.00 credit each
2 June RUT 1440/1450 Credit Call spread @1.00 credit each

2 June IWM 145 Long Calls @0.49 debit each
1 June IWM 105 Long Put @1.42 debit

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

Risk Profile


RUT Chart for future reference:



Trade Update - May 26, 2020

Things didn't go well. Getting out at a scratch basically

4 June RUT 1030/1020 Credit Put spread @0.05 debit each (+$380)
2 June RUT 1440/1450 Credit Call spread @4.30 debit each (-$660)

2 June IWM 145 Long Calls @2.49 credit each  (+$400 gain)
1 June IWM 105 Long Put @0.16 credit (-$126 loss)

Combining it all it is a $6 loss, on a $3640 max risk, this represents a -0.2% return on risk

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