On May - 10 - 2011
1/26/2011
SLV@$26.25
Buying half position on 5-4 Ratio
Buy to Open 10 July 22 Calls for $5.2
Sell to Open 8 Feb 27 Calls for $0.57
2/8/2011Â SLV
SLV@$29.59
Sell to Close the July 22 Calls for $8.7
Buy to Close the Feb 27 Calls for $2.65
Profit is $1,836 if we used the 10 by 8 ratio.
This trade was done in 13 days.
This is a 38.7% return.
Categories: Examples