Today was a down day in the market for most of the day. This enabled me to close out my GLW position for very close to my target of 50% max profit.
Stats for the trade.
Duration: 21 days
Buying power reduction: $69
Profit after fees: $11.42
Profit as a percentage of buying power reduction: 16.5% over 21 days.
Closed for a total of 45% of max profit before fees. Below you can see the option chain..
Net liquidation is now $967 with $677 available buying power. That’s 70% available buying power.
I now have only 4 positions left open with 37 days left until expiration.
These 4 positions are collecting $111 dollars in premium and have a 72% chance of success – with 37 days remaining.
I’ll be doing a monthly portfolio recap post on April 20th.