In the past few days I have closed out the remaining October contracts for .05 as usual. I also closed out the Nov 1300 put I sold on 10-02 as the trade had made 83% of the max profit, or $387.50 in 13 days. I take profits if the trade makes 75% or more of its max profit within 2 weeks of placing the trade. This avoids having about 4 more weeks of life in the trade and watching as the market takes back the profit the trade had earned should the market turn down. It also frees up my margin to sit in the account or to use to place more trades.
Oct 9, 2009
Index level: 1725.52
Buy to close: 1 Oct 09 1300 put
Cost to close: .05
Initial Margin req.: $12,997.50
Commission: $0.00
Net debit: $5.00
Profit: $148.75
Days open: 29
Simple return: 1.14%
Yield: 14.40%
% to ITM: 24.66%
Mmkt equivalent earnings @ 1.30%: $13.42
Oct 12, 2009
Index level: 1740.81
Buy to close: 1 Oct 09 1400 put
Cost to close: .05
Initial Margin req.: $14,005.00
Commission: $0.00
Net debit: $5.00
Profit: $108.75
Days open: 21
Simple return: .78%
Yield: 13.50%
% to ITM: 19.58%
Mmkt equivalent earnings @ 1.30%: $10.47
Oct 14, 2009
Index level: 1743.50
Buy to close: 1 Oct 09 1400 put
Cost to close: .05
Initial Margin req.: $14,005.00
Commission: $0.00
Net debit: $5.00
Profit: $108.75
Days open: 23
Simple return: .78%
Yield: 12.32%
% to ITM: 19.70%
Mmkt equivalent earnings @ 1.30%: $11.47
Oct 15, 2009
Index level: 1746.79
Buy to close: 1 Nov 09 1300 put
Cost to close: .80
Initial Margin req.: $12,995.50
Commission: $1.25
Net debit: $81.25
Profit: $387.50
Days open: 13
Simple return: 2.98%
Yield: 83.72%
% to ITM: 25.58%
VXN level: 23.20%
Mmkt equivalent earnings @ 1.30%: $6.02
Year End Summary – 2021
3 years ago
