Recommended trade entry for Tuesday, January 9

Option Code: RUT180316P

Expiration: Friday, March 16

Recommended Trade Entry:

- SELL RUT March 16 1470 Put, currently $10.10. Delta of short put: .16.

- BUY RUT March 16 1440 Put, currently $7.30.

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

Current mid price (both legs) is $2.80. 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. But it is not recommended to open the position unless you can get $2.50 credit. The 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