Yesterday these naked puts expired worthless in a taxable account:
12/28/2011 STO 7 SLV Dec 30 2011 25 Puts@.12 68.66
This was a 2 day trade on $2900 in margin maintenance. Time decay was a great
ally here. They expired worthless and we earned 2.36% or 430.7%
annual. I felt that precious metals had bottomed at the time I entered this trade.
Excellent stakes
ReplyDelete