August RUT Elephant
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<b>Trade Details:</b><br />
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4 August RUT 1250/1240 Credit Put spread @0.80 credit each<br />
2 August RUT 1640/1650 Credit Call spread @1.00 credit each<br />
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2 August IWM 164 Long Calls @0.66 debit each<br />
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<a name='more'></a>Net Credit: $398<br />
Max Risk: $3,602<br />
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Risk Profile<br />
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<a href="https://1.bp.blogspot.com/-ImFW9VX3GW8/XxIUxst3M4I/AAAAAAAAGzc/qtQhUjSXiioTNxXcqeXipOUiU-JmnksvwCNcBGAsYHQ/s1600/Riskprofile-RUT-Elephant.PNG"><img border="0" data-original-height="389" data-original-width="1216" height="204" src="https://1.bp.blogspot.com/-ImFW9VX3GW8/XxIUxst3M4I/AAAAAAAAGzc/qtQhUjSXiioTNxXcqeXipOUiU-JmnksvwCNcBGAsYHQ/s640/Riskprofile-RUT-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/-6utrcixqgqI/XxIWVbLTnNI/AAAAAAAAGzk/dGOrB8rVEIwyDs0O19wM71y2d9i7AUmVQCNcBGAsYHQ/s1600/RUT-20200717.PNG"><img border="0" data-original-height="865" data-original-width="1191" height="464" src="https://1.bp.blogspot.com/-6utrcixqgqI/XxIWVbLTnNI/AAAAAAAAGzk/dGOrB8rVEIwyDs0O19wM71y2d9i7AUmVQCNcBGAsYHQ/s640/RUT-20200717.PNG" width="640" /></a></div>
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<b>Trade Update – August 7</b></div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">Closed Call side</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on"><b>2 August RUT 1640/1650 Credit Call spread @1.05 debit each, a 0.05 loss, or $10<br /><br />2 August IWM 164 Long Calls @0.40 credit each, a 0.26 loss, or $52</b></div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">Total Loss $62</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">The Put side remains in play with its $320 credit, enough to overcome this small loss of the Call side</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on"><hr /><b>Trade Update – August 18</b></div><div dir="ltr" trbidi="on"><b><br /></b></div><div dir="ltr" trbidi="on"><b>Closed Put side</b></div><div dir="ltr" trbidi="on">4 August RUT 1250/1240 Credit Put spread @0.05 debit each, for a 0.75 gain</div><div dir="ltr" trbidi="on">Total gain $300</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">This profit, combined with the earlier loss on the Call side of $62 results in a net <b><span>+$238</span></b> gain</div><div dir="ltr" trbidi="on">On a max initial risk of $3,602 this represents a <b><span>+6.6%</span></b> Return on Risk<br />
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