With all those maintenance dollars burning a hole in our pocket, let's poke our nose into October.
With the RUT at about 732, let's:
Sell 20 RUT October 600 puts - RUWVT
Buy 20 RUT October 590 puts - RUWVR
Credit of about $.55 ($1,100)
Maintenance is $20,000. Current cushion is about 132 points -- that should keep us safe for the next 8-9 weeks.
Be careful and always double check your option symbols before placing your trades.
If you're aggressive, you might go up a strike. If you're conservative, you might wait for a dip and go down a strike. Be creative, just don't be greedy.