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
