Wednesday, July 15, 2009

SDS bear spread adjustment

I sold the second half of the SDS 54 puts today for $0.80. Now as long as SDS closes Friday above 53.50 I should be good to collect on this trade.

If SDS closes Friday above $54 then I will have collected %31 on my capital risked.

Glad I left this one unpaired at first.

My Dell bear spread is also doing very well.

Ryan

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