Thursday, December 31, 2009
Due for a downswing -- a put credit spread on SDS
I think we are overdue for a couple of down days. Sold 20 Jan SDS 35 puts at 1.17 and bought 20 Jan SDS 34 puts at .62, for a net credit of .55. SDS was at around 34.5 at the time. I tried initially at .56, which split the spread, but it didn't fill after around 15 minutes, so I bumped the credit down a penny. Then it filled within a couple of minutes.
Labels:
SDS bull spread
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment