Posts Tagged ‘the-gain’
Close SPY Call Position For A Nice Gain (Gold and Energy Options Trader Options Play)
Last week we recommended one to buy the August 104 SPY Call (SPY100821C00104000) for $3.25. The break even by August expiration was $107.37. We noted that we do not expect to hold this trade to expiration. A week later the calls are at $5.45 so sell these calls and lock in the gain of $2.20 or 68%. Read the rest of this entry »