Closing Trade : Calendar Call Spread

Stock / Symbol: ProShares UltraShort 20+ Year Treasury / TBT

Option Strategy: calendar call spread
Trade entry date: Aug 25th
Price at trade entry: $25.35
Price at this post: $21.90

Reasoning: Our downside stop has been triggered. We're going to close out the trade here for a loss. Once TBT looks like it's bottomed, we'll look to re-enter the trade.

Trade Details:
STC 4 TBT Mar12 27 calls
BTC -4 TBT Sep11 27 calls
for a net credit of $1.36 per contract

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