I started with a cost basis of $3.43 on 5/59/08 with the Jun 95 & 100 put calendars.
Today it has peaked up through 105 so i am now removing my bottom side and adding a top leg at 105.
SOLD -57 CALENDAR BEN 100 JUL 08/JUN 08 95 PUT @1.30 credit
BOT +57 CALENDAR BEN 100 JUL 08/JUN 08 105 PUT @2.15 debit
My new cost basis= $3.43 -1.30+2.15= $4.28
My lesson learned so far with these calendars is to begin with a single calendar unless it is definitely channeling between the 2 strikes I am buying with the calendars; size with at least 3 contracts so I have the ability to adjust my position; and add on another calendar later and not have to lose money by removing legs in the future.
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