With RUT trading around 1360 and volatility up a bit, a trade that looks interesting is an asymmetrical iron butterfly entered below the current trading price as follows: RUT at 1358 Sell one May 19 exp 1330 call Buy one MAY 19 exp 1350 call Sell one MAY 19 exp 1330 put Buy one MAY 19 exp 1280 put This trade gives an upside that is profitable no matter how high RUT trades and put side with the risk well below where RUT is currently trading. Take the trade off at 10% gain or loss. Mark Fenton mark@sheridanmentoring.com