Lee, that is a very good credit spread trade based on calculations, the maximum gain is $2200 and the maximum loss is $2800 on O/E day
based on Friday's prices, it would be a loss of $207 if you did nothing, but you captured the intraday up and down movements, nice work! #msg-25620714
Your selling 50P as hedge is a good strategy too if the price keep climbing, your max profit would be $2300 if LDK closes at 50.00 or higher on expiry but max loss would be $2700 if LDK closes at 45.00 or lower Closed on 12/28/07