Tuesday 6 November 2018

Closed: ODAX November 2018 Put Spread

Summary

Today,  I have closed the second Put Spread involved in this month of November. Although the trade was guaranteed to be a loser and I had to reduce the losses as much as possible, I have decided to close it and not risk two additional weeks of exposure.

DAX 30 on November 6th 2018. Source Investing
I might redeploy another Spread for December, if the conditions are good.

Trade Status


After closing the spread, I booked a loss of 184,20€With that, the account shows a loss of 1,52% this year. By comparison the DAX 30 index is down 10,7% in the same period of time.

TypeNameOpen DateDTESpotResult
Put SpreadODAX Nov 2018 10900 - 1050016/10/20183111650-328,60 €
Put SpreadODAX Nov 2018 10500 - 1010026/10/20182211150144,40 €
Total-184,20 €

All the trade details can be found here.

Portfolio

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

See also

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