Showing posts with label SDS bull spread. Show all posts
Showing posts with label SDS bull spread. Show all posts
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.
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SDS bull spread
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