A few updates and changes as we have arrived at March monthly options expiration today. Our short puts in UBER are set to expire worthless for a max gain of credit received.
Our short puts in CEG are set to expire worthless for a max gain of credit received.We closed out our GLD bear call spread and hedge this morning as follows:
Buy to close: GLD March 20th (monthly) 430.00 strike call
Sell to close: GLD March 20th (monthly) 435.00 strike call
Debit: 0.08
Entered at 1.05 credit and exit at 0.08 debit. The result is a profit of +97.00 per spread traded.
Unfortunately our hedge traded sharply against us.
Bought 35 shares of GLD at 429.59 and exited at 421.03 that is a loss of -$299.60
The overall result is a loss of -$202.60 (better than the max loss we were looking at taking for most of the trade)