Friday, February 15, 2008

CLOSE: DRYS BRCS -60.1%, GOOG Vulture -11.49%, & RUT BWB +53%

RUT Broken Wing Butterfly (BWB):
On 2/7, I closed 10 contracts & booked a profit of $6,780 ($5.65 X 12 contracts) plus $124 ($0.62 X 2 contracts), leaving 2 contracts
Max risk on 2 remaining contracts= $2,870 ($14.35 X 2 contracts)
6.27/14.35= +44% ROI

Today I fully closed out of the trade:
Sold 1 Feb 670 Call
Bought 2 690 Call
Sold 1 Feb 730 Call
For a total credit of $1.32
1.32/14.35= +9.2% ROI

Total ROI= 53.2% profit


DRYS Bear Call Spread (BRCS):

Bought back Feb 80 Call and sold back the Feb 85 Call for a total debit of $3.20. I sold this trade for an original credit of $0.49.
Closed out trade for a loss of $2.71. 2.71/(5.00-0.49)= 60.1% loss

GOOG Vulture:
Bought back Feb 540 Call & Sold Feb 550 Call for total debit of $2.30
1.30-2.30= $1.00 loss
1.00/(10.00-1.30)= 11.49% loss