February 2020 RUT Elephant

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<b>Trade Details:</b><br />
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4 Feb RUT 1520/1510 Credit Put spread @0.65 credit each<br />
2 Feb RUT 1750/1760 Credit Call spread @1.05 credit each<br />
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4 Feb IWM 176 Long Calls @0.20 debit each<br />
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<a name='more'></a>Net Credit: $390<br />
Max Risk: $3,610<br />
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Risk Profile<br />
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<a href="https://1.bp.blogspot.com/-ABF_m7qZngg/XhOO3U0CESI/AAAAAAAAGtw/5DKgHyTC7m0xDXHobGuc0P5iPUrUSSCwwCNcBGAsYHQ/s1600/RUT-February-2020-Elephant.PNG" imageanchor="1"><img border="0" data-original-height="503" data-original-width="1109" height="288" src="https://1.bp.blogspot.com/-ABF_m7qZngg/XhOO3U0CESI/AAAAAAAAGtw/5DKgHyTC7m0xDXHobGuc0P5iPUrUSSCwwCNcBGAsYHQ/s640/RUT-February-2020-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/-Wt6cNsKXeLk/XhOO_qsdS1I/AAAAAAAAGt0/cTg9OIknTH4lhl6kE6o1P4-REuMgeZh2wCNcBGAsYHQ/s1600/RUT-20200106.PNG" imageanchor="1"><img border="0" data-original-height="869" data-original-width="1088" height="510" src="https://1.bp.blogspot.com/-Wt6cNsKXeLk/XhOO_qsdS1I/AAAAAAAAGt0/cTg9OIknTH4lhl6kE6o1P4-REuMgeZh2wCNcBGAsYHQ/s640/RUT-20200106.PNG" width="640" /></a></div>
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<b>Trade Update – February 5, 2020</b><br />
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<a href="https://1.bp.blogspot.com/-1DArcAkX9Ik/XjrhEj4OPyI/AAAAAAAAGu8/NOzX3g3gM4IJcX-ee8s0kxFynD5DIi1EQCNcBGAsYHQ/s1600/RUT-Done.PNG" imageanchor="1"><img border="0" data-original-height="525" data-original-width="1213" height="276" src="https://1.bp.blogspot.com/-1DArcAkX9Ik/XjrhEj4OPyI/AAAAAAAAGu8/NOzX3g3gM4IJcX-ee8s0kxFynD5DIi1EQCNcBGAsYHQ/s640/RUT-Done.PNG" width="640" /></a></div>
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<b>Closed the whole thing</b><br />
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<b>4 Feb RUT 1520/1510 Credit Put spread @0.15 debit each</b><br />
Original credit received was 0.65 per.&nbsp; Net gain 0.50 = $200 for 4 verticals<br />
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<b>2 Feb RUT 1750/1760 Credit Call spread @0.20 debit each</b><br />
Original credit received was 1.05 per.&nbsp; Net gain 0.85 = $170 for 2 verticals<br />
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4 Feb IWM 176 Long Calls @0.05 credit each<br />
Original debit paid was 0.20 per. Net loss 0.15 = -$60 in 4 contracts<br />
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Combining it all&nbsp; +200 + 170 – 60 = <span><b>+$310</b></span> <br />
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On an initial Max Risk of $3,610, this repreents an <span><b>8.6%</b></span> Return on Risk <br />
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<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out 2020 Track Record</a><br />
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<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
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