Wednesday, March 10, 2010

Option Spreads pt. 2

Some updates on my spread option trades

BTC 10 C Jun 19 '10 $3 Put @ $.09
STC 10 C Jun 19 '10 $4 Call @ $.12

Closed this trade on 3/8/2010 9:30:07 AM for $25.26 in commissions for both legs

Opened the trade on 1/21/10 which means I held it for about 6 weeks.

Final profit for the trade including commissions was $49.46 after getting paid $44.73 (after commissions) for putting the trade on.

Update on my INTC trade

Opening trade on 3/4/10 with INTC @ $20.45

BTO 10 NQ April 17 '10 $22 Call @$.21
STO 10 NQ March 20 '10 $22 Call @$.05

Where the trade stands now 3/10/10:

INTC @ $21.19

10 NQ April 17 '10 $22 Call @$.40
10 NQ March 20 '10 $22 Call @$.05


Including commissions on the opening trade.. My short March calls are trading at the same price even though the stock is up due to theta decay and my long April call is up $.19 for a profit so far of $144.74 or 70.51%.

If i had just invested in INTC with my initial $205.27 and not used options, I would have a profit of $7.43 or 3.62%.

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