January 2020 RUT Elephant

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<b>Trade Details:</b><br />
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4 Jan RUT 1485/1475 Credit Put spread @0.60 credit each<br />
2 Jan RUT 1725/1735 Credit Call spread @1.00 credit each<br />
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3 Jan IWM 173 Long Calls @0.24 debit each<br />
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<a name='more'></a>Net Credit: $368<br />
Max Risk: $3,632<br />
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Risk Profile<br />
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<a href="https://1.bp.blogspot.com/-btxsuj849yg/Xd6qC-NjCjI/AAAAAAAAGso/f4vLAMjpX6cwXyDZ50J6g9DAt6fmDPEJwCNcBGAsYHQ/s1600/RUT-Jan-2019-elephant.PNG" imageanchor="1"><img border="0" data-original-height="448" data-original-width="1139" height="250" src="https://1.bp.blogspot.com/-btxsuj849yg/Xd6qC-NjCjI/AAAAAAAAGso/f4vLAMjpX6cwXyDZ50J6g9DAt6fmDPEJwCNcBGAsYHQ/s640/RUT-Jan-2019-elephant.PNG" width="640" /></a></div>
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RUT Chart for future reference:<br />
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<a href="https://1.bp.blogspot.com/-JCtdOp6pSm8/Xd6pxn3Y6MI/AAAAAAAAGsg/I_Rw2egOoT8qWxnlpfwVW0vKXcRg5nqZgCNcBGAsYHQ/s1600/New-RUT-Elephant.PNG" imageanchor="1"><img border="0" data-original-height="875" data-original-width="1219" height="458" src="https://1.bp.blogspot.com/-JCtdOp6pSm8/Xd6pxn3Y6MI/AAAAAAAAGsg/I_Rw2egOoT8qWxnlpfwVW0vKXcRg5nqZgCNcBGAsYHQ/s640/New-RUT-Elephant.PNG" width="640" /></a></div>
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<b>Trade Update – January 6, 2020</b><br />
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<a href="https://1.bp.blogspot.com/-ds88JQ1IUvk/XhOIZJDZGTI/AAAAAAAAGto/1WzwM5eLQLMIZj-b5BqIsfJshTpEus6HQCNcBGAsYHQ/s1600/RUT-Technical-Analysis-20200106.PNG" imageanchor="1"><img border="0" data-original-height="872" data-original-width="1251" height="446" src="https://1.bp.blogspot.com/-ds88JQ1IUvk/XhOIZJDZGTI/AAAAAAAAGto/1WzwM5eLQLMIZj-b5BqIsfJshTpEus6HQCNcBGAsYHQ/s640/RUT-Technical-Analysis-20200106.PNG" width="640" /></a></div>
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Closed entire position<br />
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<a href="https://1.bp.blogspot.com/-OJMbrxHVqsA/XhOIHEipH3I/AAAAAAAAGtg/_aliOpeZMisZ-o54foO8IQvj5H513VN6ACNcBGAsYHQ/s1600/RUT-January-2020-Elephant.PNG" imageanchor="1"><img border="0" data-original-height="501" data-original-width="1282" height="250" src="https://1.bp.blogspot.com/-OJMbrxHVqsA/XhOIHEipH3I/AAAAAAAAGtg/_aliOpeZMisZ-o54foO8IQvj5H513VN6ACNcBGAsYHQ/s640/RUT-January-2020-Elephant.PNG" width="640" /></a></div>
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&nbsp;<b><br /></b><br />
<b>4 Jan RUT 1485/1475 Credit Put spread @0.05 debit each</b><br />
Original credit: 0.60 per spread<br />
Net: 0.55 gain per contract = +$220<br />
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<b>2 Jan RUT 1725/1735 Credit Call spread @0.15 debit each</b><br />
Original credit: 1.00 per spread<br />
Net: 0.85 gain per contract = +$170 <br />
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<b>3 Jan IWM 173 Long Calls @0.02 credit each</b><br />
Original debit paid was 0.24 per contract<br />
Net: 0.22 loss per contract = -$66<br />
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Combining everything: +220 + 170 – 66 = <span><b>+$324</b></span><br />
Max Risk: $3,632<br />
Return on Risk: <span><b>+8.9%</b></span></div>
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