9 Mar - closed position. again if i have 40-50%+ profit gain in 2-3 days i take profits, very likely i can reenter spreads during this opex.
Sold Apr2012 150/155 credit put spreads for $1.05 x10 = $1050 credit
Buy to close the spread today at .60 x10 = $600
profit for 3day trade = $450
will now look for reentry if stock pulls back
yesterday entered the following trade for CF Industries $CF :
6 Mar - Sold Apr2012 150/155 credit put spreads for $1.05 x10 = $1050 credit
Probability of max profit using Trademonster Analyse tab was 78%. 46 days to opex. Using the 200day MA as support near 160 to shoot against so short strikes below that. Plan is to hold until either time decay/stock appreciation reduces value of spread to where it is 80%+ gain, or take profits if i have a 40-50% gain in 2-3 days. Would look to reenter a spread after that. will update as i take action or adjust.