Trade Closed – JDSU bull put spread

tock / Symbol: JDS Uniphase / JDSU

Option Strategy: bull put spread
Price at trade entry: $19.37
Price at trade exit: $21.17

Notice: 24 hours from entering in our closing order, we got filled at a debit of $0.12 per contract. We took in $172 on Apr 1st and paid out $48 today for a net of $124 and a return of 19.75%.

Max Risk: $628
Max Reward: $172 or 27% by May expiration
Profit Range: $16.60 +
Max Profit at: $17 or higher
Realized Profit: $124 or 19.75%

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