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BookingAlpha Option Trading Advisory

Friday, December 16, 2011

January IWM Bull Put Spread

Demo-trading:
SELL 12 IWM January 65 Put (@0.86)
BUY 12 IWM January 63 Put (@0.58)

Credit: $0.28 (0.28 * 100 * 12 = $336)
Margin: $1.72 (1.72 * 100 * 12 = $2064)
Break-even point(s): 64.73 (Currently at 72.25, markets would have to fall by roughly 10.4% from here)
Probability of success: 84.01%
Days to expiration: 35
Max return on margin: 16.28%
Commissions: $36.00 (Assuming Interactive Brokers' schema for Canadians)

(Click on Image to enlarge)
 
Reflecting a maximum return of $336 vs a Maximum Risk of $2064. And about 4 out of 5 chances for the whole position to be successful.

Check out demo-record


Related articles:
Weekend Thoughts(December 17, 2011)
Weekend Thoughts (December 23, 2011)
Weekend Thoughts (January 1, 2012)
Weekend Thoughts (January 7, 2012)
Weekend Thoughts (January 15, 2012)
Weekend Thoughts (January 21, 2012)

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