$5K to make $525, actually. The 5K was based on selling 5
contracts trading at $1.05 (obviously subtract commissions).
I used 5 contracts because I thought Matt used that as an example
but looking back I guess it was a senior moment. I did 5 in
one of my accounts.
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$5K to make $525, actually.
Nov SPY Puts
Posted by tom on 23rd of Sep 2011 at 10:40 am
$5K to make $525, actually. The 5K was based on selling 5 contracts trading at $1.05 (obviously subtract commissions). I used 5 contracts because I thought Matt used that as an example but looking back I guess it was a senior moment. I did 5 in one of my accounts.