Close: LFC
Well, LFC has been a great trade for us. The stock has just gone crazy down and now we are deep in the money with little chance of being excercied.
I set a STC (Sell to Close) GTC (Good til Closed) for $.03 to see if we could get filled and re-evaluate the trade for next month and we got the fill.
So lets recap our initial trade:
BRCS Feb 85/90 for a credit of $.75
We just closed for a debit of $.03 to make our total actual credit $.72 and a calculated ROI of .72/4.28 = 16.8% in 3 weeks!
Great way to start off February!
