Stock / Symbol: Russell 2000 / RUT
Strategy: Bear Call Spread
Trade entry date / price: 23 Nov 2020 / $1805
Trade exit date / price: 04 Dec 2020 / $1886
Update: I just got filled for a debit of $0.10 per contract. If you haven't yet been filled, up your exit order to a max debit of $0.25 per contract. If RUT ticks even a penny over $1890.00, consider upping the debit amount in nickel increments until you get filled.
Position Recap:
Short 1 RUT 04Dec20 1900 call
Long 1 RUT 04Dec20 1910 call
In for a net credit of $0.65 and out for net debit of $0.10. The mid is currently at a debit of $0.15.
Analysis:
Adjusted Max Risk: $935
Max Reward: $65 or 7% with RUT under $1900 at market close on Dec 4th
Profit Range: RUT at/under $1900 at market close on Dec 4th
Estimated Commission (round trip): $5.20
Upside Stop at: $1900
Realized Profit / Loss: $55 or 5.8% (pre commission)
