Monday, March 11, 2013

Into SPY Mar 28 '13 $157 Calls @ $0.50 + Into SPY Mar 28 '13 $157 Puts @ $2.49...


I used a ratio of 3 calls to 1 put, so if the market goes up some more, this will help to offset the losses from the puts.

I got out of the SPY $152 puts to reallocate the capital to this trade, which will hopefully give me a better chance of profiting.


P.S. SPY is trading at around 155.67, so the $157 strike is above current market pricing.  Any puts that I've done below market pricing this month have fallen big time, so I'm switching gears to see if I will fare better with these higher strike prices.  


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