Russell 2000 – Vertical Put Credit Spread
I am targeting strikes between 1080 and 1070 with the statistical, technical, historical, news, and open interest metrics providing relative assurance of a RUT price at or above this range between now and expiration morning on October 23 (OCT4) of this coming week.
1. Standard Deviation (6 days to expiration):
||1106 (always chosen for RVPCS)
||1074 lower and 1172 upper channel
||54.67 (1 year low = 21.6)
||0.87, above signal line and above zero with the signal line below zero
Please note the chart below was taken for the futures (/TF) price before opening bell:
*Charts from Trade Architect™
3. Historical Price Compare:
|For the past 1.5 years
4. Open Interest:
Price at 1160, PUT OI peaks at 1155, 1150-1130, 1100, and 1080 as seen below. Note that the orange highlight is reflecting the price fluctuation as calculations were being performed.
5. News: Housing Starts, Jobless Claims, Existing Home Sales, PMI
Disclaimer: The information presented does not consider your personal investment objectives and should not be taken as a recommendation. Further, it shall not be construed as an offer to sell or a solicitation to buy any security mentioned. The risk of loss in any stock, option, or futures trade can be substantial. Consider all relevant risk factors before trading.