Trade Details:

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

Net Credit: $1317
Days to Expiration: 43

Profit picture:
(Click on image to enlarge)

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 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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