Tuesday, March 25, 2008

CLOSE: DIA Shotgun Put Calendar +1.7%

I am closing this one out too for my trip.

On 3/20 I started this trade with the following:
Total debits (risk) = $12.18
Total credits= $8.08
Total cost basis= 1.30 + 1.42 + 1.38 = $4.10


Today I am closing the whole trade out:
SOLD -36 DIA 100 MAY 08 120 PUT @2.48
BOT +36 DIA 100 APR 08 120 PUT @-1.21

SOLD -36 DIA 100 MAY 08 122 PUT @3.05
BOT +36 DIA 100 APR 08 122 PUT @-1.65


SOLD -36 DIA 100 MAY 08 126 PUT @4.55
BOT +36 DIA 100 APR 08 126 PUT @-3.05

$4.17 Total Credit upon exit

4.17-4.10= 0.07 profit/4.10 cost basis= 1.7% in 3 days

No comments: