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Underline stock: GOOG
Date closed: June 7, 2013
Price entry: $770 per contract. The rule of thumb is paying less
than half of the spread.
Strategy applied: Buying June 880/860 vertical puts. This is a
bearish strategy.
The Close:
Sell June 860/880 vertical puts for $853 per contract. We paid $770
for the same vertical puts on May 13, 2013 for $770 per contract. With
this close, we collect a profit of $83 per contract.
Cheers,
Dennis Phan 潘家墉
07 June 2013
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