Weekly Newsletter   Challenge account   Weekly Newsletter   

Trade exit – Taser Int. (TASR) put option buy-back (14.94% profit)

This is a trade I forgot to report, so, I am doing so now. I had another put selling contract against TASR, which reached $5 or 0.05 per contract on March 4, 2014. Therefore it didn’t make sense waiting for expiration to get this option removed from my account as worthless. By buying back this contract for only 5 dollars, I could release my maintenance cash for next trade and lock in a profit.

And this trade was profitable as I reached 14.94%.

Here is a trade detail:
03/04/2014 19:54:15 Bought 1 TASR Mar 22 2014 15.0 Put @ 0.05

Such trade is commission free because the contract is at or below 0.05 per contract. A great opportunity to close it and release maintenance cash for another trade.

Leave a Reply

Your email address will not be published. Required fields are marked *