A personal finance blog about trading, investing, and other wealth building strategies. Learn how to trade options, get trade ideas, and make money online from home.
Thursday, December 15, 2011
VALE Update
After hovering near $21 for the last few days this finally broke under $21 today which is at least a 2 year low. Was short 60 contracts DEC 21 Puts and didn't want to have to deal with it tomorrow, so rolled down to the Jan 20 Puts for $0.50 credit. Had taken in $1680 before on the DEC Puts, so in summary have so far collected premium of $4680 to hold these naked options which currently have a 39% probablity of expiring in the money.
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