Friday, May 16, 2008

CLOSE: DE Butterfly +17.1%

On 5/14/08 I opened the trade as follows:
Bought DE JUN 08 75/85/95 CALL @ $3.63 debit

Today after the volatility crush, I exited as follows:
SOLD -55 BUTTERFLY DE 100 JUN 08 75/85/95 CALL @ $4.25 credit


4.25-3.63/3.63= .62/3.63= 17.1% in 2 days!

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