Thursday, June 5, 2008

CLOSE: POT Naked Put Jun 195 +19%

On 5/22/08, I opened the naked put on POT:
SOLD 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.
My risk was $35.87 margin held.

Today my exit order was triggered at:
BOT POT JUN 08 195 PUT @1.70 debit

8.50-1.70/35.87= 19% ROI in 14 days

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