Stock / Symbol: [private_monthly]Russell 2000 / RUT [/private_monthly]
Price at trade post: $846.27
Option Strategy: bear call spread
Reasoning: With it looking like the market is topping here, were putting on bear call spread on [private_monthly]RUT[/private_monthly]. This is a high probability trade with a 92% chance of success and yields 6% in a week's time
Max Risk: $940
Max Reward: $60 or 6.38% by Jul 15th
Profit Range: $0 - $875.35
Max Profit at: $0 - $875 by Jul 15th
Trade Details:
[private_monthly]
STO -2 RUT Jul11 875 Calls
BTO 2 RUT Jul11 880 Calls
for a net credit of $0.30 per contract (day order, limit order)
Requirements:
Cost/Proceeds ($60.00)
Option Requirement $1,000.00
Total Requirements $940.00
Estimated Commission $12.95
[/private_monthly]
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