On 3/13, I put on a Double Put Calendar:
Bought Jul 47.5 put for $4.10
Sold Apr 47.5 put for $1.80 for a net debit of $2.30
Bought Jul 52.5 put for $6.50
Cost basis= $4.65
On 3/24, I adjusted by closing out 1 leg (the 47.5 put calendar):
Sold JUL 08/APR 08 47.5 PUT @2.22 credit
Today I am closing out as seen below:
(Here I rolled my July position down to May to get an extra credit squeeze on the trade before closing out)
Sold JUL 08/MAY 08 52.5 PUT @1.60 credit
4.65-1.60= 3.05 adjusted cost basis
(Then later on today I closed out completely)
Sold MAY 08/APR 08 52.5 PUT @1.19 credit
Profit= 4.65- 2.22 - 1.60 - 1.19 = + 0.36 profit / 3.05 adjusted cost basis= 11.8% in 2 weeks
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