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- #151
I thought I would post my excel spreadsheet on my BTU position which I ended up closing today. This makes it a little easier to follow the trades and what happened over time. I initially opened the position on 10/23/2008 by buying 9 March 25 put contracts and 900 shares. I waited a little and sold the Nov 35 calls. You can follow the sequence of events above. Interestingly is that my initial share purchase occurred at a price of 30.81, and I sold today at 30.84. But, in the meantime, I added to my position after taking a profit on the March 25 puts and purchasing a few more shares to lower my basis. Net profit was 3.07 on a 21.75 basis or just over 14% in less than 4 months. I am looking to replace those shares with PCU in the next few days.
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