Today I initiated a December30 position in RUT:
Trade details:
SELL 10 December30 RUT 1410 Call @2.69
BUY 10 December30 RUT 1420 Call @1.79
Total Credit received: $900 (0.90 * 10)
Max Risk: $9100 (9.10 * 10)
Days to expiration: 38
A RUT chart for future reference and self-study:
(Click on image to enlarge)
I'm being extra conservative this late in the year, deploying less than 9% of the portfolio in this play. If it ends up being a loser, it won't drastically impact the portfolio.
Check out 2016 Track Record
If you are interested in a responsible and sustainable way of trading options for consistent income with solid risk management, consider acquiring LTOptions, my options trading system to the last detail.
Sold $RUT Dec30 1410/1420 Credit Call spread for 0.90 credit. Only half position.— The Lazy Trader (@lazytrading) November 22, 2016
Trade details:
SELL 10 December30 RUT 1410 Call @2.69
BUY 10 December30 RUT 1420 Call @1.79
Total Credit received: $900 (0.90 * 10)
Max Risk: $9100 (9.10 * 10)
Days to expiration: 38
A RUT chart for future reference and self-study:
(Click on image to enlarge)
Trade Update - December 5, 2016
Closed 10 DEC30 RUT 1410/1420 Credit Call spread @0.45 debit
Original credit: 0.90
Balance: +$450 (0.90 - 0.45) * 100 * 10
Closed 10 DEC30 RUT 1410/1420 Credit Call spread @0.45 debit
Original credit: 0.90
Balance: +$450 (0.90 - 0.45) * 100 * 10
Check out 2016 Track Record
If you are interested in a responsible and sustainable way of trading options for consistent income with solid risk management, consider acquiring LTOptions, my options trading system to the last detail.
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