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Wednesday, May 9, 2012

June IWM Bull Put Spread

I opened a trade before 10am today during the morning sell off but didn't have the time to blog about it. Here it goes:
Demo-trading:
SELL 14 IWM June 72 Put (@0.80)
BUY 14 IWM June 70 Put (@0.52)

Credit: $0.28 (0.28 * 100 * 14 = $392)
Margin: $1.70 (1.70 * 100 * 14 = $2408)

Break-even point(s): 71.72 (Around 9% bellow current price)
Probability of success: 85.77%
Days to expiration: 37
Max return on margin: 16.28%
Commissions: $42.00 (Assuming Interactive Brokers' schema for Canadians)

Order execution:
(Click on image to enlarge)


Profit picture:
(Click on Image to enlarge)


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