CHRISTMAS PROMOTION
LTOptions at a 33% discount during the Year End Holidays.
Tell me More

Wednesday, January 13, 2016

April SPY 204 Calls


Trade Details: 
Buy 3 SPY April 204 Call
Net Debit: 1.40
Days to expiration: 93

Betting on a rebound. At some point the market has to stop going down. I will take profits here at around 50% ROI, that would be 2.10. Just a small speculative play in an extremely pessimistic environment.

Trade Update
Position closed on February 26 for 1.20. A 0.20 loss per contract, $60 total in dollar terms. The play didn't turn out as expected and after 44 days we are closing it for minimal damage.

Check out 2016 Track Record


Go to the bottom of this page in order to see the Legal Stuff

No comments:

Post a Comment