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Home › Forums › Member Trades › BBTrader’s Spread Sales › PM Mar 80/77.5 BPS
Entered 4 contracts PM Mar 80/77.5 for 50 credit. Next add 2 more contracts at .60 credit
Added 2 contracts of PM Mar 80/77.5 BPS for $.69 credit. No more adds planned. Current position look like:
dded 2 contracts of PM MAr 80/77.5 BPS for $1.1 credit. If this doesn’t bounce by next Monday I will likely roll to Apr or May. Current position looks like:
Rolled the current 8 contract PM Mar 80/77.5 BPS to 10 contracts of April 80/75 BPS for a total $6.01 credit. Widened the spread. Current position looks like:
Closed 1/2 of position by closing 5 contracts of PM Apr 80/75 BPS for $1.77. Taking off some downside risk today when position is currently almost profitable. Currently holding 5 contracts and position looks like:
Exited remaining 5 contracts of PM Apr 80/75 BPS for $1.80 debit. Did not like the action on PM and did not want to hang around for opex. Lost 1.5% (ROM) on the trade. Trade looked like at the close: