... for a 1.55 credit.
Comments: Adding a rung out in December to my SMH position, targeting the <16 strike paying around 1% of the strike price in credit to emulate collar cost averaging into the underlying.
Comments: Adding a rung out in December to my SMH position, targeting the <16 strike paying around 1% of the strike price in credit to emulate collar cost averaging into the underlying.
Trade closed: target reached:
Out today at 50% max. Closed for .77; .78 ($78) profit.