Closed POT, 22% profit

screenhunter_32.jpgI first highlighted POT here, and I went in with a bullish put spread (180/175) for $1.10 credit. Today I bot it back for $0.23/spread, yielding me nice 22% profit.

Profitable trading, OptionPundit

Comments

One response to “Closed POT, 22% profit”

  1. […] 2nd is for playing relative longer (till split date), one can play either bullish calendars, bullish diagonals or bull put credit spread. One may play straight call as well but then theta works against you. Check out past post on POT and BWLD. […]

Leave a Reply

Your email address will not be published. Required fields are marked *