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Wednesday, April 4, 2018

RUT index short strangle

Wed. 4/4/2018 (11:43:44 am, PT)

sell -2 April 13, 2018  1585 calls at $2.03 (delta 7)
sell -2 April 13, 2018  1415 puts at $1.42 (delta 7)

net credit (max profit):  $3.45 x 2 x 100 = $690
expiration:  in 9 days


Fri. 4/6/2018 (9:01:18 am, PT)

buy back calls at $0.92
buy back puts at $0.93
(net debit:  $1.85)

PROFIT:  $320 (in 2 days)


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