Bought April $SPY 204 Calls. 1.40 Debit.— The Lazy Trader (@lazytrading) January 13, 2016
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.
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.
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