Trade Findings and Adjustments 5-14-20

Trade Findings and Adjustments 5-14-20

Keve Bybee – keve@hurleyinvestments.com

SPY bear put spread can be taken off for a 9% profit from Wednesday morning until now.

My TGT:

Cost basis on shares alone?

$66,808 / 600 = 111.34 – 112.71 = 1.37 of profit about.

$8,134 profit from Puts

+

1,279 of profit from Short Calls

+

Dividend $330

=

$9,743 which paid for 100 new shares.

So why am I ok being called away at a small profit?

• Leap long call profit

Bought – 3 Jan 21 135 Calls for $1,351

Bought – 6 Jan 21 135 Calls for $2,073

=$3,424

Sold yesterday for $8,272 – $3,424 = $4,848 of profit

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