Wednesday, June 13, 2012

Rolling Insurance

CCI has held a put spread on the market through out the year as a hedge against the specific holdings of the overall portfolio  The last round of this trade was discussed here .

Today I rolled the June $133-$128 put spread to the July $132 - $127 put spread.   The June put spread made a modest gain of $165 per contract, but in essence the insurance was just rolled out a month.

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