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Option Spread Model Portfolio – Closing Positions and Reflection
June 18th, 2013
The opening positions for our first model portfolio trade were entered on 06/05/2013 and the bear call spread was adjusted up twice on 14/05/2013 and 20/05/2013. On 13/06/2013, both the bear call and bull put spreads were closed. The chart below shows how the SPY chart had a good run up before retreating to the level of 164.21: The positions were closed with the following prices shown below: The 166/168 bear call spread was bought back at $0.15 and the 161/163 bull put spread was bought back at $1.08. With those prices, the summary of all the positions profit and loss is shown be[...]
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