UPDATE: Volatile Russell 2000 retreats to support — #SaxoStrats
Please see the original trade view here: Volatile Russell 2000 retreats to support levels — #SaxoStrats
With 10 days to expiry, we are closing this short put spread on the Russell 2000 index. The small cap index has rallied for seven consecutive days in expectations of a tax deal from Trump Administration that should give a boost to domestic businesses.
At the time of this writing the put spread could be bought back for $2.15. This leaves us with a net gain of $320 per contract. (that is, $5.35 minus $2.15), minus any commission fees.
Management and risk description
We are closing early out of the spread due to increased geopolitical uncertainties.
— Edited by Robert Ryan
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