Tuesday, May 20, 2008

New Trades

I put in three deep ITM option spread trades today.

I am bearish on HON and JNPR and bought the bear put spreads for July.

The JNPR spread (32/31) cost $80 and and has a potential profit of $20. ( I purchased 2 spreads) The HON spread (67.5/65) cost $180 and has a potential profit of $70.

I also put on an ITM bull call spread (62.5/65) on PBR which also cost $180 and has a profit potential of $70.

No comments: