Investing DAZE llc.™: 2/1/10

Tuesday, February 2, 2010

Rumors Confirmed

http://www.bbleaks.com/2010/02/bis-30-pdf-confirms-rumors.html

Now how to adjust a Protective Put into a Bull Put???

Here is how it looks in my account...

By selling a put at a higher strike than the put that was purchased on the 12th of January, making sure to sell it for more than the Long Put was bought I have created a credit spread or a bull put. And in this case a Bull Put Calendar Spread...
The Long Put BTO on the 12th of Jan. for $2.34 per share.
The Short Put STO on the 1st of Feb. received $3.00 credit.
Net Credit = $0.66 per share
(0.66 x 10 contracts = $660.00)

If RIMM stays above 65 buy February expiration, I will have a MAR 60 Long Put with no costs (FREE PROTECTION, until March)

For more indepth conversation about this and other situations like this, please contact me anytime at:
CoachNuge@gmail.com
OR
InvestingDAZE@gmail.com

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