November RUT Elephant
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<div dir="ltr" trbidi="on"><div dir="ltr" trbidi="on"><b>Trade Details:</b><br /><br />4 November RUT 1280/1270 Credit Put spread @1.00 credit each<br />2 November RUT 1750/1760 Credit Call spread @0.90 credit each<br /><br />2 November IWM 175 Long Calls @0.63 debit<br /><br /><a name='more'></a>Net Credit: $454<br />Max Risk: $3,546<br /><br />Risk Profile</div><div dir="ltr" trbidi="on"><div><a href="https://1.bp.blogspot.com/-pbW_JD-o2YY/X3dnfHeHd_I/AAAAAAAAG1c/JhXq7R_s4xcvK6ZLkto8BNcAdUimWSUsgCNcBGAsYHQ/s1116/RUT-November-Unbalanced-Iron-Condor.JPG"><img border="0" data-original-height="479" data-original-width="1116" height="255" src="https://1.bp.blogspot.com/-pbW_JD-o2YY/X3dnfHeHd_I/AAAAAAAAG1c/JhXq7R_s4xcvK6ZLkto8BNcAdUimWSUsgCNcBGAsYHQ/w596-h255/RUT-November-Unbalanced-Iron-Condor.JPG" width="596" /></a></div><br /> </div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on">RUT Chart for future reference:</div><div dir="ltr" trbidi="on"><div><a href="https://1.bp.blogspot.com/-1p6ZtyGWzXw/X3dnoHSJ_hI/AAAAAAAAG1g/q4oBjz6hXOoSd7ex8ypy9k96s1UiPMEjQCNcBGAsYHQ/s1097/RUT-Chart-20201002.JPG"><img border="0" data-original-height="867" data-original-width="1097" height="478" src="https://1.bp.blogspot.com/-1p6ZtyGWzXw/X3dnoHSJ_hI/AAAAAAAAG1g/q4oBjz6hXOoSd7ex8ypy9k96s1UiPMEjQCNcBGAsYHQ/w604-h478/RUT-Chart-20201002.JPG" width="604" /></a></div><br /> </div><div dir="ltr" trbidi="on"><br /><hr /></div><b>Trade Update – November 10, 2020</b></div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on"><div><a href="https://1.bp.blogspot.com/-qOKQc18qrdE/X6swwbecq6I/AAAAAAAAG2M/xXkyPPY5qPA9JI6QecogE2-DGc9R5oiHgCNcBGAsYHQ/s1166/RUT-Elephant-closure.JPG" imageanchor="1"><img border="0" data-original-height="472" data-original-width="1166" height="251" src="https://1.bp.blogspot.com/-qOKQc18qrdE/X6swwbecq6I/AAAAAAAAG2M/xXkyPPY5qPA9JI6QecogE2-DGc9R5oiHgCNcBGAsYHQ/w619-h251/RUT-Elephant-closure.JPG" width="619" /></a></div> </div><div dir="ltr" trbidi="on">Closed entire trade</div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on">This one was a good example of how the market rallied super hard after elections and yet it doesn't dramatically hurt the Elephant, which is still a winner.</div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on"><b>4 November RUT 1280/1270 Credit Put spread @0.05 debit each</b></div><div dir="ltr" trbidi="on">Original Credit was 1.00, so this is a 0.95 gain or +$380 in 4 spreads.<br /></div><div dir="ltr" trbidi="on"></div><div dir="ltr" trbidi="on"></div><div dir="ltr" trbidi="on"><br /><b>2 November RUT 1750/1760 Credit Call spread @4.50 debit each</b></div><div dir="ltr" trbidi="on">Original Credit was 0.90, so this is a 3.60 loss or -$720 in 2 spreads<br /><br /><b>2 November IWM 175 Long Calls @2.51 credit</b><br /></div><div dir="ltr" trbidi="on">Original debit was 0.63 debit, or 1.88 per contracts. For 2 contracts that is +$376</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">Combining all three: +$380 – $720 + $376 = +<span><b>$36</b></span><br /></div><div dir="ltr" trbidi="on"> <br /></div><div dir="ltr" trbidi="on">This tiny return represents a +1% return on risk<br /><div dir="ltr" trbidi="on"> <br /></div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on"><a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a><br /><br /><br /><div><b>Go to the bottom of this page in order to see the Legal Stuff</b></div></div></div>
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