Replies to post #68192 on Options Wonderland

[loanwolf]

You would have had to have entered the trade friday noon or before.

If you entered at those Friday eod quotes it would not be nearly as much

B 370c =-14.50
S 330p =+4.95
s390c =+7.28
net debit 2.27

to close out: (right now)
S 370c =+17.20
B 330p = -4.85
B 390 =-9.20
net credit = +3.15

3.15-2.27 = .88
net profit= .88 or 38.7%

The trade was ahead of the move if you got the cnbc prices debit = -.50 + 3.15 = +2.65 or 500% plus.
A nice trade but would rather do this not headed into a weekend hold