Option Investor
Updates

TAKE THE MONEY AND RUN

HAVING TROUBLE PRINTING?
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There's about a half hour left in Friday's trading. Here is something to think about.

If you participated in April's CPTI "Sure Thing" credit spread, you took in about $7.00 ($1,400) from two contracts.

Right now, it looks like you could close out that position for about $3.00 - $3.10. If you closed it for $3.10, it would cost you about $620. That would lock in a profit of $780 -- which is over half of your profits -- and you won't be exposed for an entire other month. Not a bad idea!

Perhaps you'd like to wait until Monday. Some more premium may erode away and, unless the market jumps up, you may be able to close out the position for less.

If you lock in the profits, and still believe the downward trend is intact, you can put on another "Sure Thing" credit spread before the market closes today.

Just some food for thought.

Good luck and trade smart!

Mike

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