New Trade Entries : SPX and RUT Weekly Put Credit Spreads for the June 1 cycle, which expires June 7. Below are the positions entered earlier today:

1) SPX Position Entered Thursday, May 30. The Option code for this cycle is: SPXW130607.


SPX June 1 Put Credit Spread shortly after entry




Time of entry: 1:00 pm Eastern. SPX price: 1,657.58 at entry; VIX at 14.42

Trade Details:

SOLD June 1 1615 Put. Delta -.15 at time of entry

BOUGHT June 1 1605 Put

Credit received: $.95

Maximum margin/risk is $905. Maximum risk is the width of the spread ($1,000) less credit received $95).

Target Gain: $71.25 (75% of credit received). This gain represents a 7.9% gain on actual margin.

Maximum Loss: $95

2. RUT Position Entered Thursday, May 30. The Option code for this cycle is: RUT130607.


RUT June 1 Put Credit Spread shortly after entry




Time of entry: 1:45 pm Eastern. RUT price: 993.52 at entry; RVX at 19.48

Trade Details:

SOLD June 1 960 Put. Delta -.14 at time of entry

BOUGHT June 1 950 Put

Credit received: $.90

Maximum margin/risk is $910. Maximum risk is the width of the spread ($1,000) less credit received $90).

Target Gain: $67.50 (75% of credit received). This gain represents a 7.4% gain on actual margin.

Maximum Loss: $90

I will post an update as the trades progress.

As always, stay keen on your risk management and trade carefully.

Happy Trading,

Dot Hazlin