Showing posts with label backspread. Show all posts
Showing posts with label backspread. Show all posts

Friday, April 29, 2011

Trade of the Day: XLF July $14/$15 put front spread

The Trade
A trader sold 100,000 July $14 puts at $0.06 and bought 50,000 July $15 puts at $0.14 for a debit of 0.02 or $100,000.