Tuesday, September 26th, 2017

August Trades – Double Calendar spread IWM

IWM Calendar spread.

SELL AUGUST 70 PUTS  BUY SEPTEMBER 70 PUTS       Net debit = 1.08                            

 SELL AUGUST 71 PUTS    BUY SEPTEMBER 71 PUTS    Net debit= 1.08  

Break evens on expiration 67.22 and 74.44  Due to the rising market this trade may need one or two adjustments during its 24 day periods. This is called a GUERILLA TRADE rapid in and out with maximum gains.

JULY 31 , 2008

Closed the AUGUST 70 PUTS AND SEPTEMBER 70 PUTS Net credit= 1.18 Net profit = .10

OPENED

SELL AUGUST 73 CALLS BUY SEPTEMBER 73 CALLS Net debit = 1.18

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