Back on December 21st, with the FTSE trading at 6424, I sold a 6200 Call and bought a 6200 Put, and for zero-cost was able to buy 6 times the size on the Put versus the Call. The FTSE just now is trading ~6230.
I'd sold the Call for 303.7 points, I just bought it back for 87.6 points. Profit $2,115.
I'd bought the Put for 52.7 and just sold it for 47.1, for a loss of $329.
Overall on the trade, I made $1,786.
3 Month FTSE Chart
I'm pretty gutted with this one, as on Friday when the FTSE was well under 6200 it was showing a profit of closer to $6,000...I had an itchy trigger-finger but just never pulled it...too greedy, in hindsight. Now with expiry on Friday coming up, I'm not sure I could stand the time decay of the Put, plus with the markets having taken such a hit in the last couple of weeks, perhaps we see a little short-term stability. So I'll take my meagre profit and move on.