SPX – 9/9/16 Look Back trade

SPX – 09/09/2016

This was a bull put spread I entered after the market spiked down. The increased volatility gave me good premium so I took the trade. I was going to try and turn this into an iron condor by adding the calls but I never saw a good enough opportunity. I had such a good entry on my puts that I did not want to risk it by adding to the trade.

My risk on this trade was $9,250.00. My $500.00 profit gave me a return of 5.4% for a 13 day trade. The trade was exited when my desired profit was reached by a GTC close order I placed when I entered the trade.

Date

Sym

Action

Exp

Strike

Price

Cont

Type

Cost

Balance

09/09/16

SPX

BTO

OCT16

$1,965.00

-$8.20

5

Put

-$4,100.00

-$4,100.00

09/09/16

SPX

STO

OCT16

$1,985.00

$9.70

5

Put

$4,850.00

$750.00

09/22/16

SPX

BTC

OCT16

$1,985.00

-$2.00

5

Put

-$1,000.00

-$250.00

09/22/16

SPX

STC

OCT16

$1,965.00

$1.50

5

Put

$750.00

$500.00

Profit:

$500.00

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