Today one of my GTC (good till cancelled) orders closed my Google spread for December.
Here's the brick:
CLOSED: GOOGL - Google
5 contracts DEC $500/495 bull put spread
Position open: Oct 24
Position closed: nov-24
Position open: 31 days
Maximum Premium : $284.06
Maximum loss: $2215.94 (2500-284.06)
Closed @ 71% capture ($209.06)
Representing an annualized yield of 107%
I'll be looking to re-enter new spreads in the future on any upcoming days of market retreat.
Stay HUNGRY my friends!