Wednesday, April 22, 2009

Using the SPX weekly options

I bought 2 contracts of SPX 100 MAY 09/APR4 09 750/800 PUT at a debit of $4.6 this morning, and sold 4 contracts of SPX APR4 750 PUT this afternoon at a credit of $0.2.

This is a short-term trade to bet on the downside.

Total debit for today = $840.

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