[Selling to Close Long Leg of "Diamonds" (DIA) Spread/Sell to Close Jun 114 Calls/Day Order/Limit $0.10]
Dear Member:
I received a fill on my order to buy to close the Jun 113 calls on DIA at $0.25. I am now going to try to add profit by selling to close the Jun 114 calls (DIAFJ) at a limit of $0.10. If filled, that will bring in $0.10 on the long leg and I have already made $0.15 a share on the short leg. My initial risk was only $0.60 a share (took in $0.40 on a $1 spread)and I will have held onto $0.25 of the original $0.40 so my gain before commissions would be 41.6% in less than three weeks.
Sincerely,
Bill Kraft
|
