Tuesday, April 21, 2009

Update # 1 on SKF straddle

Since SKF has moved down, I am adjusting the puts to take some money out of the trade. Rolling down the puts as follows on 4/21/09:

Sell 2 SKF Oct'09 70 Puts @ 26.50
Buy 2 SKF Oct'09 65 Puts @ 23

Net Credit $3.50 per put spread

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