Thursday, May 29, 2008

CLOSE: RIMM Naked Put Jun 130 +8.8%

On 5/15/08 I entered the trade as follows:
Opened this naked put on RIMM at Jun 130 puts for a credit of $3.87 this morning.
$20.86 margin risk
I set my stop loss for twice the credit at $7.74 per contract.

Today my exit order was off by one decimal so I did a cancel/replace order to correct it to be at $ 0.77. Unfortunately, it triggered early somehow, but I still exited for a profit.

BOT RIMM 100 JUN 08 130 PUT @ $2.04 debit

3.87-2.04/20.86= 8.8% in 14 days

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