Saturday, February 11, 2012

Profitable Trade: SLV Naked Puts

Yesterday in a taxable account I closed out the following transaction for a profit:

01/30/2012    STO 7 SLV Feb 18 2012 30 Puts @.23                        145.70
02/10/2012    BTC 7 SLV Feb 18 2012 30 Puts @.05                        -35.09

In this trade we made $110.61 in 10 days on a maintenance requirement of $2800.00. This equates to a 3.95% return on margin or 144% annual. I closed out the trade when there was no commission.

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