Thursday, March 6, 2008

CLOSE: WMT Put Calendar +18.3%

On 2/8/08, I opened this trade by buying the JUN 08 put and selling the MAR 08 47.5 PUT for a $1.20 debit.

Today I have decided to get out of this trade because it looks like it's forming an ascending triangle pattern (signaling possible bullish trend).

I got credit of $1.42.

(1.42-1.20)/1.20= 18.3% in 1 month