Wednesday, 3 December 2014

Options Trades

With the O & G sector badly beaten, my holding on Seadrill (SDRL) had dropped tremendously. After looking thru, I decided to sell PUT options:-

  • sell-to-open SDRL Dec 14 14.5 PUT @0.93.

When this trade was send, SDRL was trading at ~$14. In order to gain maximum profit with this trade, the stock would have to move up and stay above $14.50. If that happens we will see the maximum profit of $93 (6.42%). As long as the stock stay above $13.57, it will gain partial profit.

 You will be able to see my realised P/L here. Feel free to give your comment.

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