With the RUT at about 671, let's:
Sell 15 August 600 puts - RUWTT
Buy 15 August 590 puts - RUWTR
Credit of about $.65 ($975)
Sell 15 August 740 calls - RUTHH
Buy 15 August 750 calls - RUTHJ
Credit of about $.50 ($750)
Total net credit and profit potential of $1.15 ($1,720). Maximum profit range of 600 to 740. Maintenance is $15,000.
Remember, these are suggested prices. Be creative, but don't get greedy. Always double check the option symbols before placing your order.
Have a great weekend. We have a lot to celebrate this month.