Trader X

OK, Friday was the option expiration for several of our legs on our calendar spreads. Let's look at the calls first.

Call Credit
B Feb 1375 @.25, S Mar 1375 @ 1.10. Net spread we sold for .85
Feb 1375 expired worthless. Mar 1375 @.20. We buy it back for .20. Gain of .65

Call Debit
S Feb 1310 @ 7.40. B Mar 1310 @ 13.50. Cost us 6.10
Feb 1310 expired worthless. Mar 1310 @ 5.20. Sell it back for 5.90. Lost .20

Put Credit
B Feb 1125 @ .40, S Mar 1125 @ 1.20. Net spread sold for .80
Feb 1125 expires worthless, Mar 1125 @.40. We buy it back for .40. Gain of .40

Put Debit
S Feb 1270 @ 9.50. B Mar 1270 @ 16.20. Net spread bot for 6.70.
Feb 1270 expired worthless. Mar 1270 @ 6.90. We sell it for 6.90. Gain of .20

If my math is correct and my prices are accurate (not even including the bid ask spread on the trades) it looks like the Credits beat the Debits in Every example. After that one volitile Friday the Debits were winning but that has changed to where the debits only broke even (hey, break even is better than a sharp poke in the eye!)

You guys are going to be happy to learn that I'm going to get OptionVue software today so I can get some great Greek info on the spreads we talk about in the future.

Trader X.

PS. If you know that my math or prices are not correct then just email me and I will double check and fix my errors.