Today I closed the June 2009 NDX 1150 put for .05. The trade was closed to lessen overnight risk and free up margin. In addition to the usual criteria I list, I will now start showing what the same margin over the same amount of time would have earned in a money market. The rate I will use to compare with will be the rate I receive on my "high yielding" money market account.
Index level: 1458.00
Buy to close: 1 Jun 09 1150 put
Cost to close: .05
Initial Margin req.: $10,502.50
Commission: $0.00
Net debit: $5.00
Profit: $148.75
Days open: 19
Simple return: 1.42%
Yield: 27.21%
% to ITM: 21.12%
Mmkt equivalent earnings @ 1.55%: $8.47
Year End Summary – 2021
3 years ago
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