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For those with an interest:
OPTION TRADES DEC/JAN TRADE
For those of you that want to do the trade uncovered we are Selling 1340
Puts and 1550 Calls. The put premium is much higher that the calls the 1340
puts are @ 10.00 and the 1550 Calls are only worth 2.50.
For the majority of us that do the spreads covered the spread will be
Selling 1525 Calls @ around 5.80 and Buying 1535 Calls @ around 2.80 or
less. For the Puts lets Sell 1340 Puts @ around 10.00 and Buy 1330 puts @
around 6.50. This will give us a spread of around 6.50 or $1625 with a max
loss of $875.00.
Last month only the covered put was put on at a profit.
John
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