Let's dive into this giant cesspool we call the market once again and see if we can't sift out some profits.
Sell 15 September RUT 590 puts - RUWUR
Buy 15 September RUT 580 puts - RUWUP
Credit of about $.55 ($825)
Sell 15 September RUT 750 calls - RUTIJ
Buy 15 September RUT 760 calls - RUTIL
Credit of about $.50 ($750)
Net credit and profit potential of $1.05 ($1,575). Maximum profit range is 590 to 750. Maintenance is $15,000.
Remember, double check option symbols before placing your trades. The above is a suggested trade. Be flexible, if necessary. It's meant as a guideline. It's not etched in stone. Just use common sense.
Take care and trade smart!!