RTH Double Calendar Close, 20% Profit

Written on June 6, 2008 by OptionsRopeaDope

What a difference a couple of days makes. Until a couple of days ago, this trade was a perpetual -10% loser. Last couple of days, as predicted, the trade spiked, and when I noticed it was over 20% today, I jumped in and took the profit.

I opened this back on 5/16 (3 weeks ago today) for a debit of 1.10 for the 95 calendar, and 1.20 on the 100 calendar. Closed today for 1.40 and 1.36 respectively, for exactly 20%. Could have stayed in longr, but RTH has had a couple of outsized 2 std dev moves lately, and the last thing I’d want is to watch the profit evaporate, which it very well could given I was about to adjust this downward just last week.

RTH is still a good candidate, and in 7-14 days or so I’ll probably open another calendar here, since volatility is still low on the 6 month chart. (not so much on the year chart though.)

This actually marks the second trade of June cycle I’ve closed - the first one was the max loss I took on MSFT after a couple of days. Fortunately, due to sizing, the profit on RTH was quadruple the loass on MSFT. If/when EEM comes around, this can shape up to be an outstanding month.

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    • Category Posted in Real Trades, Calendars, RTH

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