Trading summary: driving away with the profits

Today I closed 2 bull put spreads on Magna International.

Here's the brick:

With the price of oil crashing, why would I be exiting the auto-sector?  My moves had done well, and faster than I had expected.  And to top it all off, with the energy market doing what it's doing, I need some capital to defend a position I took on 2 weeks ago, and hopefully make some choice picks when the market finds a bottom.

CLOSED: MG - Magna International
5 contracts $MG $100/98 bull-put-spread MAY
Position open: 29-oct
Position closed: 8-dec
Position open:  40 days
Maximum Premium : $245
Maximum loss: $755 (1000-245)  
Closed @ 46% capture ($120)
Yield on risked capital: 16%
Representing an annualized yield of 146%



CLOSED: MG - Magna International
5 contracts $MG $105/100 bull-put-spread  FEB
Position open: 17-sep
Position closed: 8-dec
Position open:  82 days
Maximum Premium : $345
Maximum loss: $2155  (2500-345) 
Closed @ 56% capture ($200)
Yield on risked capital: 9%
Representing an annualized yield of 42%

Stay HUNGRY my friends.