Closed: February 2018 Put Spread - Rolled to March

Summary

Big drop this week and bad timing anticipating a bounce upwards. I tried to close the trade on Thursday but the spreads were crazy wide, luckily on Friday morning a little bounce in the opening allowed me to close the spread at 35 delta.

DAX 30 on Feb 9th, at close. Source Investing

After that, I deployed another Put Spread in March, another 1000 points down (11.100-10.900) with only half the width (200 as opposed to 400 points).

Trade Status

After closing the original spread, I booked a loss of 173,5€ which represents a decrease of 1,60% since the beginning of the year. DAX 30 is down 6.0% in the same period of time.

Type	Name	Open Date	DTE	P/L
Put Spread	ODAX Feb 2018 12100/11700	5/2/2018	11	-173,50€
Put Spread	ODAX Mar 2018 11100/10900	9/2/2018	35

Premium received for this second trade, was 118,50€.

All the trade details can be found here. 

See also

• New position: February 2018 Put Spread
• 2018 trades (so far)
• 2017 track record