DRYS is a stock I was into before I started my blog, so to update you all, you can follow along on Insanemoney.com Open, Roll into Jan, Roll into Feb, and Roll into Mar.

I'm clear that at this point I'm still not ready to invest real money. I keep making mistakes that are nothing but ThinkofSwim interface and user errors, so rather then explain the various mistakes I made.

So as of this morning my position was as follows:
1/11 Put Diagonal Jun08 100p / Feb 08 50p = cost basis -18.75

and today I rolled from Feb to March:

2/7/08 Rolled Feb 50 to Mar 65 for credit of +7.40, cb= -11.35

I can close this position down right now for: +27.95

That would mean a profit of $16.60 over a risk of -11.35 so I think that calculates out to a +146% return.

Nate