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Showing posts with label SPY Nov 2012 133/123 put spread. Show all posts
Showing posts with label SPY Nov 2012 133/123 put spread. Show all posts

Tuesday, November 6, 2012

Spiders Nov Put Spread (options)

10/11/2012

sell 10 Nov. 2012  $133 put options at $0.42  (10% prob. ITM)
buy 10 Nov. 2012  $123 put options at $0.11  (3.09% prob. ITM)

credit:  $0.31


11/6/2012 (Election Day)

close entire put spread at $0.09

Net gain:  $179.28  (1.79% return on capital in 3.5 weeks)

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