Good day Insiders,
There is no trade in this update, but I just wanted to let you all know that we actually closed the put spread out for 0.95 vs the 1.30 that was sent out in the earlier update. This brought in an extra $700 profit.
We originally placed the trade to be closed out at 1.30 but got filled at 0.95.
Risk & Reward
Recall that we sold the spread for 3.90, so we are looking at a sizeable profit having closed the trade out for 0.95. This yields a $5,900 profit using $2,200 in risk. That is a 268% return on capital – Happy weekend indeed!