Friday, July 17, 2009

Option expiration

The previous positions with total credit of $5375 have been expired worthless today. It means I have made $5375 from that portfolio.

I just sold 3 contracts of SPX Aug 825 put at a credit of $3.5. A total of $1050 is credited to the current portfolio.

Total debit for the existing portfolio = $1970 - 1050 = $920.

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