Stock / Symbol: Russell 2000 / RUT;
Option Strategy: [private_monthly]bull put spread[/private_monthly];
Trade entry date / price: 15 Jul / $1272
Price at this adjustment: $1223;
Reasoning: Close to our stop and would like to step out of the way (for now) ahead of the Fed's announcement this afternoon. I'll look to put the trade back on in a few days.
Trade Adjustment Details:[private_monthly]
BTC -1 RUT Aug15 1160 put
STC 1 RUT Aug15 1150 put
for a max net debit of $0.90 per contract. (day order, limit order). I was filled at $0.85
[/private_monthly]
Max Risk: $940
Max Reward: $60 or 6.3%[private_monthly] at / over $1160[/private_monthly] by Aug 21st
Profit Range: [private_monthly]at / over $1160 by Aug 21st [/private_monthly]
Suggested Upside stop: NA
Suggested Downside stop: $1210
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