Thursday, May 22, 2008

OPEN: POT, UNG, V

POT:
SOLD -12 POT 100 JUN 08 195 PUT @ $8.50 credit
Exit naked put at 80% profit at $1.70 debit.
Stop loss set to twice credit at $17.00 debit.

UNG:
Naked Put: SOLD UNG JUN 08 52 PUT @ $0.92 credit
Exit naked put at 80% profit at $0.18 debit.
Stop loss set to twice credit at $1.84 debit.

Bull Put Spread: SOLD VERTICAL UNG JUN 08 53/51 PUT @ $0.55 credit
.55/risk of 2-.55= 37.9% profit potential.
Sized for max loss-no stop set.

V:
Double Calendar:
BOT CALENDAR V JUL 08/JUN 08 75 PUT @1.30 debit
BOT CALENDAR V JUL 08/JUN 08 80 PUT @1.20 debit
Total cost basis= $2.50

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