Took Profit from GOOG Calendar Trade from Monday Blog!

In Monday’s Blog, I talked about a Live GOOG Earnings Calendar I traded. I bought the April 28 Expiration  830 C and sold the Apr 21 Expiration  830 C for $9.55 Debit. GOOG was 828 when I executed the trade. Today, with GOOG around 823, $5 dollars lower, I sold out the spread for $10.05 Credit. That’s a 5.2 % yield in 2 Days! For every 1 contract, the profit was $50 on capital of $955, the initial debit. If you added in Commissions, our Community pays $ 1 per contract, the yield would be 46 divided by 955 = 4.8% yield (Commissions  barely affected the yield). Will  look to re-enter GOOG for another Earnings Calendar in tomorrow’s Blog.

Dan Sheridan ~

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