New Trade Entry: RUT Put Credit Spread for March; order filled.
Order executed for this new position:
SOLD RUT March 16 1470 Put, 10.10 credit.
BOUGHT RUT March 16 1440 Put, 7.30 debit.
Order was filled as a "Vertical" for $2.80 net credit (all four legs).
Margin/Risk is calculated by the width of the wings ($3,000), less credit received.
Margin/Risk for this week's trade: $2,720.
Target Gain: 5% of margin
Max Loss: 7% of margin
Below is the risk graph of this week's position as shown on my broker's platform:
RUT March 16 Put Credit Spread:
Below is the RUT chart showing the short strike:
RUT 6 month chart
Trade updates will be posted as appropriate.
As always, stay keen on your risk management and trade carefully,