Monday, March 31, 2008

CLOSE: LVS Dbl. Put Calendar +14.4%

On 3/18, I bought the Jun 70 for 5.75 & sold the Apr 70 for 2.62. I adjusted my cost basis to $2.70+ 3.13= $5.83.

On 3/28 I closed out my first leg (Apr/Jun 85 put) for $2.80 credit.

On 3/31 I closed out last leg (Apr/Jun 70 put) for $3.87 credit.

5.83-2.80-3.87= 0.84 profit/5.83 adj. cost basis= 14.4% profit in 2 weeks

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