Closed: ODAX December 2017 Put Spread

Summary

Today, after less than one week and a 300 points bounce up by the DAX, I was able to close the position locking around 70% of the profit.

DAX 30 on November 21st 2017. Source Investing

I could have waited three more weeks to get those final 32€, but I decided to close the trade and move on in order to reduce risk. Perhaps, in the coming weeks we reach another good condition for another put spread in January, or even an Iron Condor.

Final trade results

Final credit locked was 80,75€, which represents a total 0,55% account increase since the beginning of the year. By comparison the DAX 30 Index is up a whooping 13% during the same period of time.

Type	Name	Open Date	DTE	Spot	P/L
Put Spread	ODAX Dec 2017 12200/11800	15/11/2017	30	12900	80,75 €

All the trade details can be found here.

Resources

• New position: Dec 2017 Put Spread
• 2017 trades (so far)