but alas...i didn't establish the above trade (refer to this link >> http://optionsstrategies.blogspot.com/2009/11/trading-options-on-goldman-sachs.html )....if i had, it would have been a winner...on both counts...
Long GS Dec09 165 Put and pay $5.60 >>>> GS did lose value to a low of ~$161 on 17Dec09
Short GS Dec09 170/175 Call and receive $1.14 >>> this option expired worthless on 18Dec09, thus I keep all of $1.14 premium
but this is only how it looks like on the surface....
QUIZ :
In reality, how much profit did I make if I held 100 shares GS and 1 contract of that Short Call spread until option expiration last Friday, 18Dec09?
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