Trade Details:

20 RUT 1300/1290 Credit Put spreads 0.60 Credit ($1200)
  9 RUT 1490/1500 Credit Call spreads 0.80 Credit ($720)


2/25 IWM Unbalanced Long Strangle. Strike prices 132/150 
0.76 debit for each of the 132 strike Puts
0.14 debit for each of the 25 strike Calls.
Total debit paid: $502 )

Net Credit: $1418
Days to Expiration: 42

VIX at 11.60 and the heart of the summer. This is going to be an interesting trade.

Profit picture:
(Click on image to enlarge)

A RUT Chart for future reference and self-study:
(Click on image to enlarge)

For details about the management of Unbalanced Elephant positions consider an membership, where there is also material that discusses how to put this type of position in small accounts too.

Check out 2017 Track Record

Go to the bottom of this page in order to see the Legal Stuff

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