Replies to post #115201 on Option Millionaires

[harleyd1234]

Looks like a good payday for Lee!!

[Cstern71]

A couple other people helped me out. It turns out my order ticket was in wrong. I was looking at selling 600w put and buying 595w call.

I ended up pulling a paper trade of STO 600wp at 2.85 and BTO 595wp at 1.47 for a credit of 1.38.

So if I have this right, I keep the 1.38 if AAPL closes above 600 on friday and if it closes below 595 I am out $500. I also figured out my margin requirement is $500.

[leemalone2k3]

Well the 600wp I bought long are down 1.20 and the 605wp I sold short are down 1.10, so I'm down about $100.00 on the trade so far. We will see what tomorrow holds.