First roll in DIA 70 put calendar

I took the first of three potential rolls a little early, but it’s good to take off 2/3 risk on the first roll. Collected $1.34 for the roll.

The DIA calendar was initially purchased for $1.99, and that represents the total risk of a long calendar. The months involved on the initial trade were MAR/JUN. After rolling MAR to APR, I essentially have a long APR/JUN put calendar at the 70 strike for $0.65 risk. Should DIA settle near 70 about 30-40 days from now, I’ll be able to completely pay for the calendar, and then start collecting profits.

Advertisements

One Response to “First roll in DIA 70 put calendar”

  1. 1option Says:

    Liking this trade! Check out my site and shoot me an email when you’ve got a minute.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: