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[CLOSED] – Income Calendar in UAL

July 20, 2018 By Steven Place


Update: August 9th, 2018

Rolling the Aug 80 to Sep 80 and adding the Sep/Dec 82.50 Calendar




Update: August 22nd, 2018

Adding the third and final calendar.



Update: September 5th, 2018

Rolling the 80 calendar to 87.50 calendar.




Update: September 12th, 2018

Closing out the trade.





Basis and P/L Calculations

Trade #1

Buy to Open UAL Aug/Dec 80 Put Calendar @3.10

Margin: 3100

Trade #2

Roll Aug 80 Put to Sep 80 Put

Credit: 1.05

New Basis of Sep/Dec 80 Put Calendar: 2.05

Margin: 2050

Trade #3

Buy to Open UAL Sep/Dec 82.50 Put Calendar @2.35

Margin: 4400

Trade #4

Buy to Open UAL Sep/Dec 85 Put Calendar @2.55

Margin: 6950

Trade #5

Sell to Close Sep/Dec 80 Put Calendar @1.63

Realized Loss: -420

Margin: 5320

Trade #6

Buy To Open Sep/Dec 87.50 Put Calendar @2.87

Margin: 8190

Closing Trades

Sell to Close UAL Sep/Dec 87.50 Put Calendar @3.34

Realized Profits: 470

Sell to Close UAL Sep/Dec 85 Put Calendar @3.01

Realized Profits: 460

Sell to Close UAL Sep/Dec 82.50 Put Calendar @2.45

Realized Profits: 100

Total P/L: 610

Return on Capital: 7.4%

Disclaimer

U.S. GOVERNMENT REQUIRED DISCLAIMER – COMMODITY FUTURES TRADING COMMISSION. FUTURES AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALSO LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS. DON’T TRADE WITH MONEY YOU CAN’T AFFORD TO LOSE. THIS WEBSITE IS NEITHER A SOLICITATION NOR AN OFFER TO BUY/SELL FUTURES OR OPTIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED ON THIS WEBSITE. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

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