Loading...Close: Potash Corp (POT) Bull Put Spread (BLPS) for +49%
I didn't have the Sweet Bowl of Chicken that Insanemoney's Mojo got in his closing trade here.
But I did have a sweet bowl of pork.
I legged into this trade starting with a Naked Put then converting it to a Bull Put Spread. Here's the opening trade. The adjustment from Naked Put to a BLPS is in the comments.
Ending credit of 1.64 over a risk of 3.36 (difference in strike prices minus the profit) makes this trade +49% return since Jan 25, 2008.
That's a sweet deal if you ask me. So one contract made me $164.
Nate
But I did have a sweet bowl of pork.
I legged into this trade starting with a Naked Put then converting it to a Bull Put Spread. Here's the opening trade. The adjustment from Naked Put to a BLPS is in the comments.
Ending credit of 1.64 over a risk of 3.36 (difference in strike prices minus the profit) makes this trade +49% return since Jan 25, 2008.
That's a sweet deal if you ask me. So one contract made me $164.
Nate
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