Thursday, March 6, 2008

CLOSE: GDX Put Calendar +20.9%

On 1/31/08, I opened the put calendar by buying the JUN 08/selling the MAR 08 51 PUT for a $2.15 debit.

I closed out this trade today for a $2.60 credit.

(2.60-2.15) / 2.15= 20.9% in 1 month!