Thursday, March 27, 2008

CLOSE: EXM Short Straddle - 2.2%

My credit remaining after closing out the 30 straddle on 3/20 gave me $6.29. Now volatility is crushing so I am out completely.

BOT +13 STRADDLE EXM 100 APR 08 25 CALL/PUT @6.70

6.29-6.70= $0.41 loss

0.41/ 12.87 total credit+ 6 margin = 2.2% loss
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