With the RUT at about 734.88, let's:
Sell 20 RUT July 620 puts - RUYSD
Buy 20 RUT July 610 puts - RUYSB
Credit of about $.65 ($1,300)
I know it will be a long wait, but this is quite safe and I'm very patient.
Some of you may prefer to wait while others may want to go out further for additional safety. Maintenance is $20,000. Cushion is about 115.
Be careful, be creative, double check the option symbols, and trade smart.