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Thursday, February 21, 2008
OPEN: XLE Put Calendar Mar/Apr 75
Following Mojo's trade at InsaneMoney, I got into XLE put Calendar by buying the Apr 75 for $4.08 debit and selling the Mar 75 for $3.05 credit giving me a total debit of $1.03.
This gives me a yield of 3.05/4.08=74.7% in 1 month