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July 5th, 2011 at 1:28 pm
Roll/Pstas – Not sure of your question on the roll. My original credit was 1.05 and after the roll it was debit -1.35, or a net debit of .30 x 50 contracts = $1500. I was able to initiate and close my insurance for a gain of $1330, leaving a net cost of the roll+insurance of $170. Bear in mind that I’m analyzing the total position p/l, not just the roll of the call leg. Currently, the total position is showing .82 credit (x 75 = $6150) versus the original credit of 1.05 (x50 = $5150), representing an additional $900 potential gain if the position expired today. Hope that helps.