June 2020 RUT Elephant

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<b>Trade Details:</b><br />
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4 June RUT 890/880 Credit Put spread @1.20 credit each<br />
2 June RUT 1460/1470 Credit Call spread @1.05 credit each<br />
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2 June IWM 147 Long Calls @0.59 debit each<br />
1 June IWM 89 Long Put @1.70 debit each <br />
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<a name='more'></a>Net Credit: $402<br />
Max Risk: $3,598<br />
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Risk Profile<br />
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<a href="https://1.bp.blogspot.com/-TLmxtCw12ao/Xp341vBOpDI/AAAAAAAAGwo/myu-81IF6mAjKxRlxGPAHEU3mFxjdqH-gCNcBGAsYHQ/s1600/RUT-Elephant-June.PNG" imageanchor="1"><img border="0" data-original-height="441" data-original-width="1107" height="254" src="https://1.bp.blogspot.com/-TLmxtCw12ao/Xp341vBOpDI/AAAAAAAAGwo/myu-81IF6mAjKxRlxGPAHEU3mFxjdqH-gCNcBGAsYHQ/s640/RUT-Elephant-June.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/-6-gnurejxM4/Xp35LitAGLI/AAAAAAAAGww/VS0c_lwOV-sp2XE2leq_Z9p5lYmhNCazACNcBGAsYHQ/s1600/RUT-Chart-2020-04-20.PNG" imageanchor="1"><img border="0" data-original-height="868" data-original-width="1174" height="472" src="https://1.bp.blogspot.com/-6-gnurejxM4/Xp35LitAGLI/AAAAAAAAGww/VS0c_lwOV-sp2XE2leq_Z9p5lYmhNCazACNcBGAsYHQ/s640/RUT-Chart-2020-04-20.PNG" width="640" /></a></div>
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<b>Trade Update – May 13, 2020</b><br />
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Closed the whole thing:<br />
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4 June RUT 890/880 Credit Put spread @0.20 debit each.&nbsp; 1.00 gain per spread x 4 = +$400<br />
2 June RUT 1460/1470 Credit Call spread @0.70 debit each. 0.35 gain per spread x 2 = +$70<br />
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2 June IWM 147 Long Calls @0.31 credit each.&nbsp;&nbsp; 0.28 loss per contract x 2 = -$56<br />
1 June IWM 89 Long Put @0.27 credit. &nbsp; &nbsp;&nbsp; 1.43 loss per contract x 1 = -$143 <br />
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Combining it all:&nbsp; +400 + 70 – 56 – 143 = <span><b>$271</b></span><br />
On a Max Risk of $3,598 this represents a <span><b>+7.5%</b></span> Return on Risk.<br />
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Out of the position 5 weeks away from expiration.<br />
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