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Tuesday, March 20, 2012

IWM April 2012 $65 Put

3/6/2012

sell to open 10 April 2012 $65 puts @ $0.31

Credit:  $310

(IWM is the Russell 2000 ETF)

Maintenance required:   $6706.54 (10.32%)


3/20/2012

buy to close @ $0.05

Net gain after fees:   $252.25  (3.76% in two weeks)

Initial investment amount:  ZERO!!!!!


This options trader teaches at Lilia's Investing Academy (Albany).

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