Closed: ODAX March 2018 Put Spread

Summary

Today expires at max profit the Put Spread I opened after rolling the failed February 12100-11700 Put Spread.

DAX 30 on March 16th 2018. Source Investing

Given the very high IV when I opened it, and the sideways market since then, this was an easy ride and I chose to get all the premium for it. Moreover, this spread was only half the usual width, so the money at risk was half as well.

Trade Status

After closing the spread, I booked a gain of 118,5€. With that, the current gain since the beginning of the year is 0,14%. DAX 30 index is down 4% in the same period of time.

Type	Name	Open Date	DTE	P/L
Put Spread	ODAX Mar 2018 11100/10900	9/2/2018	35	118,50€

All the trade details can be found here.

Portfolio

The other position in the portfolio is the April 13100-13500 / 11000-10700 Iron Condor, which is looking good, with still 5 weeks to go.

Type	Name	Open Date	DTE	Spot	Max Profit	P/L
Call Spread	ODAX April 2018 13100/13500	14/2/2018	65	12300	225,50 €	173,50 €
Put Spread	ODAX April 2018 11100/10700	14/2/2018	65	12300	153,50 €

I closed the Call Spread last Wednesday, while the Put Spread has reached around 60%  of the maximum possible profit.

See also

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