Put a trade in to SELL SHORT 30 ETFC Jan 10 $1.50 puts (EUSMY) @$.16 limit order
I made trade at 1:12 pm and it executed right before the close at multiple times around 3:50 pm. I didn't get filled all at once and I actually had 2 contracts expire without transacting which means my order filled on 28 contracts. At the time of my fills, ETFC was trading around $1.55 which means they were $.05 out of the money.
The cash in on this short trade after commissions is $416.88. I'll be looking to cover this trade should ETFC come back down to $1.50 so that I can lower my risk. I'm betting that ETFC will not come back down to $1.50 which means I will be able to buy back this position for less money. So far this trade has been profitable as ETFC shot up today to close at $1.69 and the puts have traded down to $.12. Including the commissions on the way in, my position is up $80.89.
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