Tuesday, March 18, 2008

CLOSE: CAT Put Mar/Apr 70 Put Calendar +83%

I started this trade on 2/20 for a debit of $1.89. I last adjusted my position on 3/14 and adjusted my cost basis to $0.42. Today, seeing that this trade is going against me with a gap up on open above 75, I closed out for a credit of $0.77

My final ROI is (0.77-0.42)/ 0.42= 83.3% ROI in 1 month!