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Home › Forums › Member Trades › BBTrader’s Spread Sales › PCLN Apr 1140/1135 BPS
Entered 2 contracts of PCLN Apr 1140/1135 BPS for $1.10 credit. Next add is 2 more contracts at $1.35 – Hat tip to Daytons!
Added 2 contracts PCLN Apr 1140/1135 BPS for $1.35 credit. Next add is 2 contracts for $1.75 credit. Position now looks like:
Added 2 contracts of PCLN Apr 1140/1135 BPS for $1.75 credit. Next add 1 contract at $2.05 credit. Current position looks like:
Concerned that PCLN will be running for the gap fill at around 1130 so… I decided to modify my existing Apr 1140/1135 BPS and flatten my delta by adding 2 contracts of Apr 1200/1205 Bear call spreads for $1.40 credit and embedding 2 contracts of Apr 1150/145 put debit spreads for $2.25 debit. Trade now looks like this:
On 3-26 I added 10 contracts of the Apr 1100/1095 BPS for $1.10 credit. Trade looks like this on the close of 3-28:
Added 3 contracts of PCLN Apr 1192.5/1197.5 bear call spreads (BCS) for $1 credit. Position looks like:
Expired with nice profit of $667 at 12.24% ROM