I decided to close out my JNPR bear put spread because I had achieved max profit potential and my broker does not charge for buying back options priced lower than .05. This essentially means that there is zero reason for me to hold onto this position, as I have risk with no further possible gain. Total profit on trade (1 contract spread): $40.00
The HON bear put spread is also at max profit but I haven't closed yet because I haven't been following equities too closely recently. Barring an astronomical event, the stock is going to stay far below my break-even price. Total profit (unrealized, 1 contract spread): $70.
I am currently monitoring an opportunity to get short Jun '09 Eurodollars. I am looking for a reversion to the levels where a recent breakout occurred. I'll keep you posted.
Permabear
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment