Friday, February 29, 2008

CLOSE: DECK Short Straddle +17.8%

Yesterday, I sold the Mar 125 Call and Put for a total credit of $19.40.
Today, we got a very quick volatility crush, so I got out at 12:33pm for a debit of $14.95.

This gives me an ROI of 19.40-14.95/25.00 risk (credit plus margin)= 17.8% in 1 DAY!