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Wednesday, March 5, 2014

$XRT Retail ETF Put Options

12/11/2013

sell (to open) 2 Jan 2014 $85 puts at $1.49

probability of success:  56%


1/8/2014 (roll)

buy (to close) 2 Jan 2014 $85 puts and
sell (to open) 2 Feb 2014 $85 puts
net credit:  $0.80


2/3/2014 (roll)

buy (to close) 2 Feb 2014 $85 puts and
sell (to open) 2 Jun 2014 $85 puts
net credit:  $1.30


3/5/2014

buy (to close) 2 Jun 2014 $2.54


TOTAL NET PROFIT:  $193.65

Comments:  This trade didn't go as planned, so I closed it for a small profit on 3/5/2014 to free up the capital (I went ahead and sold some SPY Apr 2014 puts instead).

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