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This morning in the virtual trader I sold 3 weekly SPY contracts with a $.46 premium.According to the cool tool that worked out to a 26% APR and $123.05 in net premium.
 
CHUCK B
Very COOL Chuck.  

Puts or Calls and what strike?

Thanks,

Paul

On Sep 24, 2012, at 11:41 AM, charles brunell wrote:

This morning in the virtual trader I sold 3 weekly SPY contracts with a $.46 premium.According to the cool tool that worked out to a 26% APR and $123.05 in net premium.
 
CHUCK B

Sorry Paul, I was in a hurry this morning.I STO 3 calls with a 146 strike. And unless I'm mistaken it was a weekly. The symbol was SPY 3Q12 146 Call. I'm thinking that means quarterly and weekly options expire on the same day. At least thats what I'm hoping!
 
CHUCK B
From: Paul Madison <madispa@gmail.com>
To: cool_club@bivio.com 
Sent: Monday, September 24, 2012 11:48 AM
Subject: Re: [cool_club] HOMEWORK

Very COOL Chuck.  

Puts or Calls and what strike?

Thanks,

Paul

On Sep 24, 2012, at 11:41 AM, charles brunell wrote:

This morning in the virtual trader I sold 3 weekly SPY contracts with a $.46 premium.According to the cool tool that worked out to a 26% APR and $123.05 in net premium.
 
CHUCK B