Trade Details:
4 March RUT 1530/1520 Credit Put spread @0.60 credit each
2 March RUT 1765/1775 Credit Call spread @1.00 credit each
3 March IWM 177 Long Calls @0.31 debit each
Net Credit: $347
Max Risk: $3,653
Risk Profile
RUT Chart for future reference:
Trade Update - February 25, 2020
Closed Put side
4 March RUT 1530/1520 Credit Put spread @2.20 debit each
Original credit was 0.60
Loss is 1.60 per ($640 in 4 spreads)
Opened new Credit Put spread
4 March RUT 1415/1425 Credit Put spread @0.65 credit.
We now have a 1415/1425/1765/1765 RUT position, and still the long IWM Calls
Trade Update - March 6, 2020
I've had very little time to update the positions in a timely matter lately. Work keeps getting in the way at the office more than ever.
With RUT around 1475, I closed the Put side for a second time in this position:
Closed Put side
4 March RUT 1425/1415 Credit Put spread @2.40 debit each
Original credit was 0.65
Loss is 1.75 per ($700 in 4 spreads)
I decided to go out to April to deploy at a greater distance
Opened new Credit Put spread
4 April RUT 1140/1130 Credit Put spread @0.70 credit.
We now have a 1140/1130 April Credit Put spread
1765/1765 March Credit Call spread
and still the long IWM Calls
Trade Update - March 13, 2020
Closed 4 April RUT 1140/1130 Credit Put spread @2.30 debit.
Loss is 1.60 per, or $640
I'm not deploying any more Put spreads at the moment. Market seems too shaky.
We'll see on Monday
Trade Update - March 19, 2020
Sold 4 April RUT 750/740 Credit Put spread @1.60 credit.
Net credit $640
We now have a 750/740 April Credit Put spread
1765/1765 March Credit Call spread
and still the long IWM Calls
Total credit $709
Trade Update - April 18, 2020
The position expires
750/740 April Credit Put spread + 1765/1765 March Credit Call spread
Profit: $709
Combining this profit with earlier losses of 700 and 640 we have a final net loss of
-700 - 640 + 709 = $631
On an initial Max Risk of $3,653 this represents a -17.2% Return on Risk
Check out Track Record
4 March RUT 1530/1520 Credit Put spread @0.60 credit each
2 March RUT 1765/1775 Credit Call spread @1.00 credit each
3 March IWM 177 Long Calls @0.31 debit each
Net Credit: $347
Max Risk: $3,653
Risk Profile
RUT Chart for future reference:
Trade Update - February 25, 2020
Closed Put side
4 March RUT 1530/1520 Credit Put spread @2.20 debit each
Original credit was 0.60
Loss is 1.60 per ($640 in 4 spreads)
Opened new Credit Put spread
4 March RUT 1415/1425 Credit Put spread @0.65 credit.
We now have a 1415/1425/1765/1765 RUT position, and still the long IWM Calls
Trade Update - March 6, 2020
I've had very little time to update the positions in a timely matter lately. Work keeps getting in the way at the office more than ever.
With RUT around 1475, I closed the Put side for a second time in this position:
Closed Put side
4 March RUT 1425/1415 Credit Put spread @2.40 debit each
Original credit was 0.65
Loss is 1.75 per ($700 in 4 spreads)
I decided to go out to April to deploy at a greater distance
Opened new Credit Put spread
4 April RUT 1140/1130 Credit Put spread @0.70 credit.
We now have a 1140/1130 April Credit Put spread
1765/1765 March Credit Call spread
and still the long IWM Calls
Trade Update - March 13, 2020
Closed 4 April RUT 1140/1130 Credit Put spread @2.30 debit.
Loss is 1.60 per, or $640
I'm not deploying any more Put spreads at the moment. Market seems too shaky.
We'll see on Monday
Trade Update - March 19, 2020
Sold 4 April RUT 750/740 Credit Put spread @1.60 credit.
Net credit $640
We now have a 750/740 April Credit Put spread
1765/1765 March Credit Call spread
and still the long IWM Calls
Total credit $709
Trade Update - April 18, 2020
The position expires
750/740 April Credit Put spread + 1765/1765 March Credit Call spread
Profit: $709
Combining this profit with earlier losses of 700 and 640 we have a final net loss of
-700 - 640 + 709 = $631
On an initial Max Risk of $3,653 this represents a -17.2% Return on Risk
Check out Track Record
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