Experimental Trade Alert: Close July/August Calendar Spread #3

Fri, Jul 15, 2011 | Frank

Bonus Trades, Trades

There’s virtually no premium left in our remaining (experimental) July positions, so we’re closing out as follows:

Day limit order
Buy to close 4 SPY Jul 131 puts
Sell to close 4 SPY Aug 131 puts
for a net credit of $2.36 or better.

Note that 4 contracts represent our entire remaining stake in this position, and that this order will not be autotraded.

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Jared Woodard is a registered commodity trading advisor who specializes in trading volatility as an asset class. With over a decade of experience trading options, futures ... Read More

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