Friday, August 9, 2013

Rolled UP $DOW Bear Call Spread that was in trouble.

Loss on earlier spread was $123 and Credit of $96 on roll-up = a Net Loss of around $30.  If all works out.  Not good trading on this one!!!!!!!!

Bear Call Spread
DOW
Sell to Open (price of the option you are selling):0.75
Strike Price:$39
Buy to Open (price of the option you are buying):$0.43
Strike Price (lower):$38
Amount of SHARES you are using:300
Margin Requirement (Maximum Risk):$204
Credit Received:$96[*net MAXIMUM gain for the trade…]
47.06%
Percent Return on Risk Amount

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