NaughtyPines

Opening* (Small Account): SPY July 30th 397.5/402.5 SPV**

AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a .52 credit.

Comments: A continuation of my "small account" thread, utilizing short put verticals to emulate dollar cost averaging into the broad market. (See Post Below). Sold the 20, bought the 17 to receive a credit >10% of the width of the spread, immediately doing a "good until cancelled" order to take profit at 50% max.

Trade Metrics:

Max Profit: .52 ($52)
Max Loss/Buying Power Effect: 4.58 ($458)

ROC at Max: 11.4%
ROC at 50% Max: 5.7%

ROC at Max/50 Max as a function of Net Liquidity: 2.45%/1.22%
ROC at Max/50 Max as a function of Net Liquidity Annualized: 19.0%/9.5%

Current Net Liquidity: 2126.22
Current Available Buying Power: 1216.21
Percentage of Buying Power Deployed: 42.8%

* -- Late Post. Opened on 6/11.
** -- Short Put Vertical.

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