HashFlare
HashFlare


Trade Details:

SELL 20 RUT May 1385/1375 Credit Put spreads @0.57 Credit
SELL 8  RUT May 1630/1640 Credit Call spreads @0.92 Credit

Upside and downside hedges:
BUY  12 IWM May 164 Calls @0.22
BUY    2 IWM May 141 Puts @0.96

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Total Net Credit: $1,420
Days to Expiration: 39

For a smaller account ($20,000), this can be played as a 4/4/2/2  and
then the hedges: 4 IWM Calls and 1 IWM Put (139 strike to spend less debit). OR half all that for an even smaller
($10,000) account, without the long IWM Put.

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Risk profile:

 

RUT Chart for future reference:

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