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.
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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
