Warning: Creating default object from empty value in /home/customer/www/optionpundit.net/public_html/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/class.redux_filesystem.php on line 29
Backspread MFLX: Profit 27.9% - Learn to Trade Options | #1 Options Trading Education

Backspread MFLX: Profit 27.9%

Published on February 7, 2007

Backspread MFLX: Profit 27.9%

February 7, 2007

Here is the quick update on MFLX and CELL. MFLX was as high as 17% in the initial 30mins of the market open. I took this opportunity to cash out with 27.9% profit. To recap, my play on MFLX was short 1x, Feb 20Put and long 2x Feb 17.5 put for $0.78x credit. I bot it back for $0.30, giving me a $27.9% profit for one night holding without worrying about the direction. Here are the transaction details:


CELL slightly in the loss zone due to IV crush and not so much movement in the stock.

Profitable trading, OptionPundit

Leave a Reply

Facebook IconYouTube IconTwitter IconFollow Me on Instagram