The model portfolio ECYT November puts expired worthless, so I moved them over to the closed position tab, for a cool 100% gain in a month and a half. Typically, I wouldn't "bet" such an enormous position size (i.e. 10 times a normal option size), because if it goes south you're looking at easily 100% losses in a short time frame, but ECYT was trading just about as low as I thought it possibly could.
I am considering reentering ECYT puts if the price per share declines a little more...as is the premium for selling out of the money puts is a bit too low for the risk for my taste.
Good Investing!
JVS
This is a trade analysis, not a trade recommendation.
No comments:
Post a Comment