[Closing Bearish Call Spread on Chicago Merchantile Exchange (CME)/Simultaneously Buying to Close May 200 Calls (CMJET) and Selling to Close May 210 Calls (CMJEB)/Net Debit $0.50/Day Order]
Dear Member,
I am placing an order to close my bearish call spread on CME. I am buying to close the May 200 calls (CMJET) and selling to close the May 210 calls (CMJEB) for a net debit before commissions of $0.50. When I opened the position 2 days ago, I took in a credit of $1.20. I am now giving back 50 cents of that for a profit of 70 cents a share in only two days.
DISCLOSURE: At the time of publication, I am short the May 200 calls and long the 210 calls on CME.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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