On May - 10 - 2011
2/15/2011
HL@ Stock Price $10.15
Buy to Open 10 Sept. 8 Calls for $2.92
Sell to Open 8 March 11 Calls for $0.33
1/2 Position
5 to 4 Ratio
3/7/2011 11:23 AM EST
HL@ $9.72
Buy back 8 March 11 Calls for $0.07 to Close and Sell to Open 8 April 11 Calls for $0.31
3/15/2011 9:38 HL @$ 7.96
Buy to Close the April 11 Calls for $0.06. Leave naked Long calls on!
3/23/2011 HL@$9.15
Selling to Open 4 May 10 calls @ $0.45 against our long Sept. Calls.
Categories: Examples