Home › Forums › Swing Trades › Spread Sale in GOOGL › Reply To: Spread Sale in GOOGL
October 23, 2014 at 2:25 pm
#2369
Steven Place
Keymaster
After a little downside heat, GOOGL is back up into the 550’s. Going to use this opportunity to close the trade for a profit and stalk for entries in December options.
Buy to close GOOGL Nov 510/505 bull put spreads for 0.30
The trade is finishing with about an 8% return on max risk, not the best but it wouldn’t be that much as we had to roll the trade down in strikes.