Tuesday, May 19, 2009

same day option trading

SOLD -2 1/-2 CUSTOM SPX 100 JUL 09/MAY4 09 875/875 PUT/PUT @24.20 CBOE

I just covered the trade i made this morning at a credit of $24.20 each contract for a quick profit of $200. Total credit = 4840.

Total debit for the SPX existing position = -$2300.

That means, total credit for the existing position = $2,300.

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