Stock / Symbol: Russell 2000 / RUT
Option Strategy: [private_monthly]bear call spread[/private_monthly]
Adjustment: didn't get filled on the 890/900 call spread, so I switched to a 885/895 spread and a 900 protective call
Trade Details:[private_monthly]
STO -3 RUT Jan13 885 calls
BTO 3 RUT Jan13 895 calls
for a min net credit of $1.35 per contract. (day order, limit order). The current mid is $1.45. Try for the mid less 0.05. If not filled today, ok to try again tomorrow.
then, once filled
BTO 1 RUT Jan13 900 call
at the market
Requirements:
Cost/Proceeds ($259.00)
Option Requirement $3,155
Total Requirements $2,750
Estimated Commission $12
[/private_monthly]
Max Risk: $2,750
Max Reward: $259 or 9.4%[private_monthly] between $0 and $885[/private_monthly] by Jan 18[private_monthly]
Profit Range: 0 to $885.15 by Jan 18
Suggested Upside stop: @ $870
Suggested Downside stop: NA
[/private_monthly]
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