{"id":10777,"date":"2018-04-25T15:13:37","date_gmt":"2018-04-25T19:13:37","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=10777"},"modified":"2018-10-01T15:28:24","modified_gmt":"2018-10-01T19:28:24","slug":"rut-icrally-setup-jun-expiry","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/rut-icrally-setup-jun-expiry\/","title":{"rendered":"[CLOSED] &#8211; RUT ICRally Setup, Jun Expiry"},"content":{"rendered":"<p id=\"LOrreEu\"><img decoding=\"async\" loading=\"lazy\" width=\"1221\" height=\"501\" class=\"alignnone size-full wp-image-10778 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3328ee01.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3328ee01.png 1221w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3328ee01-300x123.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3328ee01-768x315.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3328ee01-1024x420.png 1024w\" sizes=\"(max-width: 1221px) 100vw, 1221px\" \/><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" width=\"933\" height=\"703\" class=\"alignnone size-full wp-image-10779 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d33f6e1b6.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d33f6e1b6.png 933w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d33f6e1b6-300x226.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d33f6e1b6-768x579.png 768w\" sizes=\"(max-width: 933px) 100vw, 933px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1269\" height=\"539\" class=\"alignnone size-full wp-image-10780 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3552e272.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3552e272.png 1269w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3552e272-300x127.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3552e272-768x326.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/04\/img_5ae0d3552e272-1024x435.png 1024w\" sizes=\"(max-width: 1269px) 100vw, 1269px\" \/><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/Wp8QAEFZrik\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<hr \/>\n<h2>Update: May 5th, 2018<\/h2>\n<p>Closing out the put spread.<br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1143\" height=\"541\" class=\"alignnone size-full wp-image-10828 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db0ca87b4.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db0ca87b4.png 1143w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db0ca87b4-300x142.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db0ca87b4-768x364.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db0ca87b4-1024x485.png 1024w\" sizes=\"(max-width: 1143px) 100vw, 1143px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"931\" height=\"707\" class=\"alignnone size-full wp-image-10829 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db1737e4c.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db1737e4c.png 931w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db1737e4c-300x228.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db1737e4c-768x583.png 768w\" sizes=\"(max-width: 931px) 100vw, 931px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1137\" height=\"535\" class=\"alignnone size-full wp-image-10830 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db267ae19.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db267ae19.png 1137w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db267ae19-300x141.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db267ae19-768x361.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af1db267ae19-1024x482.png 1024w\" sizes=\"(max-width: 1137px) 100vw, 1137px\" \/><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/1st03CP3MuE\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<hr \/>\n<h2>Update: May 11th, 2018<\/h2>\n<p>Rolling call spreads, adding new put spreads.<br \/>\nCuts short delta by 46%, increases long theta by 56%<br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1091\" height=\"483\" class=\"alignnone size-full wp-image-10838 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3592e6cb.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3592e6cb.png 1091w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3592e6cb-300x133.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3592e6cb-768x340.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3592e6cb-1024x453.png 1024w\" sizes=\"(max-width: 1091px) 100vw, 1091px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1149\" height=\"877\" class=\"alignnone size-full wp-image-10839 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b38c6e176.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b38c6e176.png 1149w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b38c6e176-300x229.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b38c6e176-768x586.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b38c6e176-1024x782.png 1024w\" sizes=\"(max-width: 1149px) 100vw, 1149px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1147\" height=\"861\" class=\"alignnone size-full wp-image-10840 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3966a265.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3966a265.png 1147w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3966a265-300x225.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3966a265-768x577.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3966a265-1024x769.png 1024w\" sizes=\"(max-width: 1147px) 100vw, 1147px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1137\" height=\"547\" class=\"alignnone size-full wp-image-10841 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3a0c5a72.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3a0c5a72.png 1137w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3a0c5a72-300x144.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3a0c5a72-768x369.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5af5b3a0c5a72-1024x493.png 1024w\" sizes=\"(max-width: 1137px) 100vw, 1137px\" \/><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/FJRn6z-4UUk\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<hr \/>\n<h2>Update: May 21st, 2018<\/h2>\n<p>Adding call buy to hedge.<br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1109\" height=\"493\" class=\"alignnone size-full wp-image-10890 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b03009316396.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b03009316396.png 1109w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b03009316396-300x133.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b03009316396-768x341.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b03009316396-1024x455.png 1024w\" sizes=\"(max-width: 1109px) 100vw, 1109px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"949\" height=\"713\" class=\"alignnone size-full wp-image-10891 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0300a179715.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0300a179715.png 949w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0300a179715-300x225.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0300a179715-768x577.png 768w\" sizes=\"(max-width: 949px) 100vw, 949px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1143\" height=\"511\" class=\"alignnone size-full wp-image-10892 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0300b22e99c.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0300b22e99c.png 1143w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0300b22e99c-300x134.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0300b22e99c-768x343.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0300b22e99c-1024x458.png 1024w\" sizes=\"(max-width: 1143px) 100vw, 1143px\" \/><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/VMdloU-IVI0\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<hr \/>\n<h2>Update: May 30th, 2018<\/h2>\n<p>Closing out the put spreads.<br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1023\" height=\"537\" class=\"alignnone size-full wp-image-10926 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edb9c8271d.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edb9c8271d.png 1023w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edb9c8271d-300x157.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edb9c8271d-768x403.png 768w\" sizes=\"(max-width: 1023px) 100vw, 1023px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"941\" height=\"713\" class=\"alignnone size-full wp-image-10927 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edbac1d171.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edbac1d171.png 941w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edbac1d171-300x227.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edbac1d171-768x582.png 768w\" sizes=\"(max-width: 941px) 100vw, 941px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1214\" height=\"526\" class=\"alignnone size-full wp-image-10928 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edbbb80868.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edbbb80868.png 1214w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edbbb80868-300x130.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edbbb80868-768x333.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/05\/img_5b0edbbb80868-1024x444.png 1024w\" sizes=\"(max-width: 1214px) 100vw, 1214px\" \/><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/m5W_qlwi6bE\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<hr \/>\n<h2>Update: June 8th, 2018<\/h2>\n<p>Adding put spreads, rolling call spreads into opex. Just managing losses and the greeks here.<br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1233\" height=\"569\" class=\"alignnone size-full wp-image-10984 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5a317cb1.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5a317cb1.png 1233w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5a317cb1-300x138.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5a317cb1-768x354.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5a317cb1-1024x473.png 1024w\" sizes=\"(max-width: 1233px) 100vw, 1233px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"937\" height=\"705\" class=\"alignnone size-full wp-image-10985 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5ad274fc.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5ad274fc.png 937w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5ad274fc-300x226.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5ad274fc-768x578.png 768w\" sizes=\"(max-width: 937px) 100vw, 937px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"939\" height=\"705\" class=\"alignnone size-full wp-image-10986 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5b7db821.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5b7db821.png 939w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5b7db821-300x225.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5b7db821-768x577.png 768w\" sizes=\"(max-width: 939px) 100vw, 939px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1283\" height=\"625\" class=\"alignnone size-full wp-image-10987 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5c57275f.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5c57275f.png 1283w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5c57275f-300x146.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5c57275f-768x374.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1ac5c57275f-1024x499.png 1024w\" sizes=\"(max-width: 1283px) 100vw, 1283px\" \/><\/p>\n<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }<\/style>\n<div class=\"embed-container\"><iframe loading=\"lazy\" width=\"300\" height=\"150\" src=\"https:\/\/www.youtube.com\/embed\/88il14dsXsA\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<hr \/>\n<h2>Update: June 12th, 2018<\/h2>\n<p>Rolling put spreads higher, reducing 10% of the short calls.<br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1215\" height=\"533\" class=\"alignnone size-full wp-image-10997 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0b3eadb7.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0b3eadb7.png 1215w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0b3eadb7-300x132.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0b3eadb7-768x337.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0b3eadb7-1024x449.png 1024w\" sizes=\"(max-width: 1215px) 100vw, 1215px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"933\" height=\"703\" class=\"alignnone size-full wp-image-10998 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0c00aacc.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0c00aacc.png 933w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0c00aacc-300x226.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0c00aacc-768x579.png 768w\" sizes=\"(max-width: 933px) 100vw, 933px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"937\" height=\"709\" class=\"alignnone size-full wp-image-10999 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0c905c61.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0c905c61.png 937w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0c905c61-300x227.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0c905c61-768x581.png 768w\" sizes=\"(max-width: 937px) 100vw, 937px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1167\" height=\"555\" class=\"alignnone size-full wp-image-11000 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0d7dd5e2.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0d7dd5e2.png 1167w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0d7dd5e2-300x143.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0d7dd5e2-768x365.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b1fe0d7dd5e2-1024x487.png 1024w\" sizes=\"(max-width: 1167px) 100vw, 1167px\" \/><\/p>\n<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }<\/style>\n<div class=\"embed-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/ZtpEroM95JE\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<hr \/>\n<h2>Update: June 14th, 2018<\/h2>\n<p>Closing out the Trade.<br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1158\" height=\"530\" class=\"alignnone size-full wp-image-11002 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22611a05dd5.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22611a05dd5.png 1158w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22611a05dd5-300x137.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22611a05dd5-768x352.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22611a05dd5-1024x469.png 1024w\" sizes=\"(max-width: 1158px) 100vw, 1158px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"822\" height=\"621\" class=\"alignnone size-full wp-image-11003 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22612f7b34e.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22612f7b34e.png 822w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22612f7b34e-300x227.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22612f7b34e-768x580.png 768w\" sizes=\"(max-width: 822px) 100vw, 822px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"822\" height=\"624\" class=\"alignnone size-full wp-image-11004 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22613f2266a.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22613f2266a.png 822w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22613f2266a-300x228.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22613f2266a-768x583.png 768w\" sizes=\"(max-width: 822px) 100vw, 822px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" width=\"1174\" height=\"586\" class=\"alignnone size-full wp-image-11005 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22615603ee0.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22615603ee0.png 1174w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22615603ee0-300x150.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22615603ee0-768x383.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/06\/img_5b22615603ee0-1024x511.png 1024w\" sizes=\"(max-width: 1174px) 100vw, 1174px\" \/><\/p>\n<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }<\/style>\n<div class=\"embed-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/Mt5dAU_vHhk\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<h2 style=\"text-align: center;\">Margin and P\/L Calculations<\/h2>\n<p><strong>Trade #1<\/strong><\/p>\n<p>Sell to Open Half Size RUT Jun 1650\/1660 Call Spread @1.10<\/p>\n<p>Sell to Open Full Size RUT Jun 1430\/1420 Put Spread @0.80<\/p>\n<p>Margin: 8650<\/p>\n<p><strong>Trade #2<\/strong><\/p>\n<p>Buy to Close RUT Jun 1430\/1420 Put Spread @0.30<\/p>\n<p>Realized Profit: 500<\/p>\n<p>Margin: 8950<\/p>\n<p><strong>Trade #3<\/strong><\/p>\n<p>Buy to Close RUT Jun 1650\/1660 Call Spread @2.05<\/p>\n<p>Realized Loss: 475<\/p>\n<p>Sell to Open RUT Jun 1670\/1680 Call Spread @0.95<\/p>\n<p>Sell to Open RUT Jun 1530\/1520 Put Spread @0.80<\/p>\n<p>Margin: 8300<\/p>\n<p><strong>Trade #4<\/strong><\/p>\n<p>Buy to Open RUT 29Jun18 1720 Call @2.65<\/p>\n<p>Margin: 8830<\/p>\n<p><strong>Trade #5<\/strong><\/p>\n<p>Buy to Close RUT Jun 1530\/1520 Put Spread @0.25<\/p>\n<p>Realized Profit: 550<\/p>\n<p>Margin: 9080<\/p>\n<p><strong>Trade #6<\/strong><\/p>\n<p>Buy to Close RUT Jun 1670\/1680 Call Spread @4.85<\/p>\n<p>Realized Loss: 3900<\/p>\n<p>Sell to Open RUT Jun 1690\/1700 Call Spread @1.70<\/p>\n<p>Sell to Open RUT Jun 1640\/1630 Put Spread @0.87<\/p>\n<p>Margin: 11360<\/p>\n<p><strong>Trade #7<\/strong><\/p>\n<p>Buy To Close RUT Jun 1640\/1630 Put Spread @0.25<\/p>\n<p>Realized Profit: 620<\/p>\n<p>Sell to Open RUT Jun 1660\/1650 Put Spread @0.65<\/p>\n<p>Buy to Close RUT Jun18 1690 Call @4.80 (reduced short calls by 10%)<\/p>\n<p>Margin: 11440<\/p>\n<p><strong>Trade #8<\/strong><\/p>\n<p>Buy to Close Jun 1690\/1700 Call Spread @0.25<\/p>\n<p>Realized Profits: 1305<\/p>\n<p>Buy to Close Jun 1640\/1630 Put Spread @0.25<\/p>\n<p>Realized Profits: 400<\/p>\n<p>Sell to Close Leftover 1700 Call @0.20<\/p>\n<p>Realized Profits: 20<\/p>\n<p>Jun 1690 call buy &#8220;hedge&#8221; isn&#8217;t closed as it was part of the original bear call spread.<\/p>\n<p>Total P\/L: -980<\/p>\n<p>Max Margin: 11440<\/p>\n<p>-8.56%<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Update: May 5th, 2018 Closing out the put spread. Update: May 11th, 2018 Rolling call spreads, adding new put spreads. Cuts short delta by 46%, increases long theta by 56% Update: May 21st, 2018 Adding call buy to hedge. Update: May 30th, 2018 Closing out the put spreads. Update: June 8th, 2018 Adding put spreads, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[29,27],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10777"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=10777"}],"version-history":[{"count":12,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10777\/revisions"}],"predecessor-version":[{"id":11589,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10777\/revisions\/11589"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=10777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=10777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=10777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}