IRA – LDK NOV09 PUT – Closed
November 13th, 2009, 12:56 pm EST. Posted under Individual Retirement Account (IRA) by ThetaTrader.
Post Tags: , CLOSED, LDK
<<Previous Trade (fix)
(fix) Initial Trade>>
11/13/2009 – ThetaOptions IRA Portfolio - LDK NOV09 5 PUT Closed; Profit $60
Today we bought back our NOV short put for 0.05. Remember, ThinkOrSwim does NOT charge commission fees to close down a short position that is 0.05 or less.
Nov 09:
Buy to Close: (1) 5 PUT – $0.05 debit
Note: The RED highlighted positions are for the JAN11 trade.
November 14th, 2009 at 10:59 am
Fantastic Trade! Definitely goes to show how increased volatility during a sell-off provided an excellent opportunity to sell puts. As LDK returned to it’s average price the person who bought these Puts lost all their money! We took te cash to the bank.