Wednesday, March 5, 2008

ADJUST: XLE Put Calendar Mar75 to Mar Quarterly 75 Put

On 2/21/08 I opened the Apr 08/Mar 08 75 Put calendar for a $1.03 debit.
Today I rolled by buying back the Mar 75 put and selling the (Quarterlys) MAR5 08 for a credit of $0.48. This is cool cause you can get that extra roll just from the quarterlys instead of only 1 from Mar straight to April.

My new cost basis is $0.55.