XLF and MDY Option Trades

The ratio spread I had on MDY was almost worthless going into this coming Friday’s expiration, so I decided to sell my long put for a $10 gain instead of letting it expire completely worthless in a few days. While MDY was trading at $319.95, I sold my long MDY June $310 put for $0.13 and received $11.90 after paying $1.10 in commission. I still have two MDY June $290 puts that I could get out of for $0.05, but I don’t think MDY will drop $30 before expiration in four and a half days, so I left them in place and saved a few bucks.

I tried to trade XLF last week, but my limit order didn’t hit. So, I lowered it this afternoon and while XLF was trading at $24.24, I sold to open two XLF September $24 naked puts for $0.73 each and received $145.61 after paying $2.39 in commission.

Here’s a video of both of these trades on YouTube:

« « End of the Month Summary – May 2017 - | - DIS and MDY Naked Puts » »

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