Close out Anthem Straddle for 28% profit

It’s time to close out the Anthem straddle. The trade has delivered an excellent gain and we don’t want to let the time premium and the upcoming weekend erode into our profit.

SELL to close Anthem December 16, 120 Strike Price Put (ATNM121616P120)  Bought on 8/29/16 at $5.15. Closing price on 11/10/16 was $0.76
Dr. Duarte has a position in this options contract. 

SELL to close Anthem December 2016 $120 Call Option (ANTM_121616P120). Bought on 10/31/16 at $6.  Closing price on 11/4/16 was $13.55.

Total Straddle Results:  Initial Cost: $11.15. Value at closing out of position based on 11/10/16 closing prices is $14.31 = + 28.3%.

 

Stock Talk

Add New Comments

You must be logged in to post to Stock Talk OR create an account