Recommended (PAPER, not live) trade entry for Tuesday, October 10

Option Code: RUT171215P

Expiration: Friday, December 15

Recommended Trade Entry:

- SELL RUT December 15 1400 Put, currently $9.85. Delta of short put: .15.

- BUY RUT December 15 1370 Put, currently $7.20.

It is recommended to place the order as a single entry: SELL " Vertical".

Current mid price for all four legs: $2.65. Bid/ask prices can sometimes be wide, so there is no guarantee there will be a fill at the current mid price. Some traders may get filled at a better credit, others may have to cave in a bit to get the order executed. However, it is not recommended to open the position unless you can get $2.50 credit. The gross margin on the trade will be the width of the spread ($3,000), less credit received.

Update will be posted with exact position details when the trade is opened.

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

Dot Hazlin