RUT Put Credit Spread for March 16; position closed for target.
The exit order for the RUT put credit spread for March 16 closed late yesterday afternoon; details below:
- BOUGHT RUT March 16 1470 Put, 6.00 Debit.
- SOLD RUT March 16 1440 Put, 4.56 Credit.
Closing order executed as a single order: BUY " Vertical" .
Net Debit to Close Spread: $1.44 (both four legs).
Net Credit to Enter Spread (Opened December 12): $2.80.
Gain of +$136, which represented a gain of 5%, which is target for the trade
As always, stay keen on your risk management and trade carefully,