LHG
My internet stuffed up yesterday and was in meetings after work yesterday till late so here is what I did yesterday. I was in LHG last month and is still looking good this month, it had a pull back recently and is bouncing off its support. Entered this for a good return, even though its at near the money.
The Trade (LHG) - Traded on 28th May 2007
Sell Jun $3.07 Puts @ $0.105
Buy Jun $2.83 Puts @ $0.035
Expiry = 28/06/2007
Share/Contract = 1060
Max Profit = 0.07 (0.105-0.035)
Max Risk = 0.17 [(3.07-2.83) -Â (0.105-0.035)
Return on Risk = 41.18%
Breakeven = $3.00
I opened 20 contracts:
Reward for trade (excluding fees) $1,484.0
Reward for trade (including fees) $1,252.2
Value At Risk $3,604.0
Related PostsNo related posts
