Trade closed: Aug 2009

Yesterday, I closed the Aug 1200 put at .05 (to take the risk off the table - no commission charged by ThinkorSwim). I have a GTC order to close the Aug 1300 put for .05 as well.

Index level: 1623.01
Buy to close: 1 Aug 09 1200 put
Cost to close: .05
Initial Margin req.: $12,105.00
Commission: $0.00
Net debit: $5.00
Profit: $188.75
Days open: 28
Simple return: 1.56%
Yield: 20.33%
% to ITM: 26.02%
Mmkt equivalent earnings @ 1.40%: $14.39

Trade Placed: Sep 2009

Index level: 1603.59
Sell to open: 1 Sep 09 1300 put
Credit received: 2.80
Initial Margin req.: $12,995.50
Commission: $1.25
Net credit: $278.75
Days to expiry: 38
Simple return: 2.14%
Yield: 20.60%
% to ITM: 18.93%
Probability of expiring ITM: 4.50%
Mmkt equivalent earnings @ 1.44%: $19.48

Please view my disclosure on the bottom of this blog