February 12th, 2012
Published Daily

DIA – Diamonds (Last:84.35)

by Rick Ackerman on May 12, 2009 12:01 am GMT

The September 84-May 84 spread that we hold four times is an easy exit right now for around 4.20, which would yield a theoretical gain of $160. That would hardly be worth the effort, so I’ll suggest waiting until you can come away with at least 4.40, for a profit of about $240. Closing out the position for that sum should be quite do-able if the Diamonds get within 15-20 cents of the 84 strike today.



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