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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: kodiak_bull who wrote (3552)5/4/2005 9:51:47 AM
From: kodiak_bull  Read Replies (1) of 13449
 
Tales from the Campaign Trail (II):

Closed my TKLC spread transaction today.

On this one, I thought the downtrend would continue and bought the 17.5 May puts to start it out:

4/4 bought May 17.5 puts for -$2.75

4/15 STO May 15 puts for +$1.60
4/20 BTC May 15 puts for -$1.00

4/29 STO May 15 puts for +$1.60

5/4 Closed both sides of the spread for +$2.30 (n.b. $2.50 is the maximum possible value of this spread, but it would require holding through several more weeks of potential volatility.)

Total gain: $1.75

Rough average of capital commitment over the one-month campaign period: $1.65.

Gain (before commissions): 106%

Kb
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