Friday, June 6, 2008

CLOSE: UNG Bull Put Spread +30.3%

Today I decided to close my bull put spread as it has gapped up this morning but is showing some slight weakness toward the afternoon with a doji (neutral candle stick).

On 5/22/08 I entered as follows:
Bull Put Spread: SOLD VERTICAL UNG JUN 08 53/51 PUT @ $0.55 credit
Sized for max loss-no stop set.

I exited today as follows:
BOT VERTICAL UNG JUN 08 53/51 PUT @.11 credit

.55-.11/ 2.00-.55 risk= 30.3% ROI in 15 days

2 comments:

Anonymous said...

Hi, do you have an email address for questions and comments?

laguilar said...

Hello OptionsTrader- WELCOME!

Yes you can email me at gekkotraderspot@gmail.com with any questions, comments, feedback, etc.

Thank you for visiting my trading journal.

-Gekko