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

BookingAlpha Option Trading Advisory

Thursday, March 22, 2012

April SPY Spread closed


BUY TO CLOSE 14 April SPY 145 CALL @0.24
SELL TO CLOSE 14 April SPY 147 CALL @0.08
Debit: 0.16

The initial trade had been entered for a CREDIT OF 0.26. Closing the spread for 0.16 debit results in a profit of 0.10. In 14 contracts per leg = 14 * 0.10 * 100 = $140. See order execution below.

(Click on image to enlarge)

Taking advantage of the pull back today, feeling that the 145 short strike might be threatened by April expiration.

Check out Demo-Record

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

No comments:

Post a Comment