On 2/8/08, Bought Jun 65 Call for $14.75 and Sold Mar 80 Call for $2.00 for a total debit of $12.75.
On 2/19, I adjusted my position by buying back the Mar 80 and selling to Mar 75 call for $1.95 credit.
On 3/6, I closed out the calendar Apr 08/Mar 08 75 Calls for a $1.15 credit.
Then I sold the Jun 65 for $13.15 & bought the Jun 75 Calls for $5.95 for a total $7.20 credit.
My cost basis then was $2.45.
Today, I am closing it all out for my trip:
SOLD MAY 08/APR 08 75 CALL @1.50 (Here I rolled my April to May to get an extra credit to lower my cost basis.
2.45-1.50= $0.95 cost basis
SOLD JUN 08/MAY 08 75 CALL @0.95 (Here I closed out the whole trade)
0/0.95 cost basis= 0% profit (breakeven)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment