One day short of two weeks after having opened the trade, the contraction in the Implicit Volatility and a tiny climb in the DAX allowed me to close the Put Spread for about 60% of the maximum profit.
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| DAX 30 Index on September 18th 2018. Source Investing |
I´m happy that I closed this trade early too (September Option Expiration has not even arrived yet, four and a half weeks still to go for October OpEx) as being in the market during the shortest possible time reduces risks and allows entering new trades from better positions.
Trade Status
After closing the spread, I booked a gain of 109.9€. With that, the current gain since the beginning of the year is 1,65%. DAX 30 index is down 6,2% in the same period of time.
All the trade details can be found here.
Portfolio
No open position in the portfolio right now. I will be writing about a new long term position using Options at the end of the week.
See also
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