Closed: ODAX January 2019 Put Spread

Summary

This morning I have closed the trade at around 93% of the maximum possible profit with still 10 days before the expiration date.

DAX 30 on January 8th 2019. Source Investing

We are in a bearish setup, so it makes sense to me to eliminate some downside risk and wait for a new drop in order to deploy a new Put Spread using February options.

Trade Status

After closing the spread, I booked a gain of 161,4€. With that, the account shows a gain of 0,16% this year (2018). By comparison the DAX 30 index is down 19,60% in the same period of time.

Note: I have accounted this trade in 2018 as it was opened last December. New trades will be accounted in 2019.

Type	Name	Open Date	DTE	Spot	Result
Put Spread	ODAX Jan 2019 9900/9500	10/12/2018	39	10750	161,40 €

All the trade details can be found here.

Portfolio

The Call Spread also sold for January will be left open until expiration as the protective Debit Call Spread makes more profitable any increase in the index these two next weeks.

The sold January Put Option in the IBEX 35 index, part of the Systematic Put Writing, will be rolled in ten days and right now it is Out of the Money.

See also

• Systematic Put Write - December 2018
• 2018 trades (so far)
• 2017 track record