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:
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:
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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