Winning

Winning

Friday, November 14, 2014

At close we exit our two option spreads..89% gain and 130% gain

Today we exit our two options and close our spread. We made 89% and 40% repectivly from our 2 coiled springs via BRKS and VLCCF as both coiled springs blew. Our exits were as follows:

BRKS Nov 2014 10.000 call (BRKS141122C00010000)

 -OPR  
2.50 Up 0.40(19.05%) Nov 13
Prev Close:2.10
Open:2.50
Bid:0.00
Ask:0.00
Strike:10.00
Expire Date:22-Nov-14









BRKS jumped quite nicely after a good earnings report and kept on climbing making our option go up. Remember, we got in several days ago at 1.75...we sell at 2.50 which is a nice 40% gain in several days.  And for VLCCF:

VLCCF Nov 2014 7.500 put (VLCCF141122P00007500)

 -OPR  
0.74 0.00(0.00%) 11:23AM EST
Prev Close:0.74
Open:0.74
Bid:0.70
Ask:1.25
Strike:7.50
Expire Date:22-Nov-14


















This one was even bigger, with a 130% gain in several days. We got in this put at .39 several days ago before the coiled spring discharged. We get out between the bid and the ask at .90
We get out of our VLCCF call at .20 for an 80% loss:

VLCCF Nov 2014 7.500 call (VLCCF141122C00007500)

 -OPR  
0.16 0.00(0.00%) 11:43AM EST
Prev Close:0.16
Open:0.16
Bid:0.15
Ask:0.40
Strike:7.50
Expire Date:22-Nov-14









So, with the put we are up 130% and above, we are minus 80%, so with this spread we make 130%-80% (both the call and put were the same price) which is +50% for the trade.

We are just exiting the call for BRKS taking our 89% and we are holding the put waiting for some swingback.

More to come in about 1 hour.

Stay Frosty,
Mark


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