Monday, December 11th, 2017

GOOGLE December free trade closed

We shorted GOOGLE 250 puts  back on November 14, 2008 .

http://indexoptionstrading.alliancemtg.com/how-to-buy-google-cheap-trade/

Today taking advantage of time decay and stock movement- closed the trade.  Google is up today at 314 and we can let these puts expire worthless, but we are not taking any chances, should the market reverse.

 BUY BACK  DEC GOOG 250 PUTS @ 1.65 =   $ 825 .00

NET PROFIT    $3350-$850         =  $ 2525.00

 

ORIGINAL TRADE SELL 5 DEC GOOG 250 PUTS @ 6.70 = $3,350 Net credit to the accounts

Delta -6.7 Theta = $ 60.53 /day

Probability = 84%


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