20 RUT 1280/1270 Credit Put spreads 0.55 Credit ($1100)
7 RUT 1470/1480 Credit Call spreads 0.95 Credit ($665)
2/50 IWM Unbalanced Long Strangle. Strike prices 130/148
0.74 debit for each of the 130 strike Puts
0.06 debit for each of the 148 strike Calls.
Total debit paid: $448
A RUT Chart for future reference and self-study:
The below chart screenshot was taken few minutes after order entry and RUT had started to decline.
(Click on image to enlarge)
For details about the management of Unbalanced Elephant positions consider an LTOptions.com membership, where there is also material that discusses how to put this type of position in small accounts too.
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