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Showing posts with label DIA Sept 2013 ratio put spread. Show all posts
Showing posts with label DIA Sept 2013 ratio put spread. Show all posts

Friday, September 20, 2013

Diamonds (DIA) Sept Ratio Spread

8/14/2013

buy 2 Sept 2013 $151 puts 
sell 4 Sept 2013 $149 puts
Net credit:  $0.62 x 2 x 100 =  $124


9/20/2013

entire ratio spread expired "worthless"

Net profit:  $111.38

RATIO SPREADS HAVE THE HIGHEST PROBABILITY OF SUCCESS.

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