Adding a leg to a short put + 200 shares that have taken off. $SPLS
Hello! THe regular Scottrade recently approved cash secured puts.Not options first platform. Well last week 01-15-2015 $SPLS $15 calls were going fast. I sold a $13 dollar put + 200 shares $13.?? Sold the put for .29 and now profit is capped since $Spls has left the building. I was curious new to the put writint ability owning 200 shares and $13 short put. If I just buy it back my profit will be around $49. I was wondering if a spread or some other strategy would be able to profit more or have some sort of arbitrage set up. Then again after the move it has had some profit taking may take place as well as expiration Friday. Thank you I hope my sentence structure is able to comprehend, late on the east coast......John
Very sorry for the late response. Somehow we didn’t get notified for requests that came in during this period of time.