Day trade
Trade view / 10 March 2015 at 14:37 GMT

Taking profit on the Mar15 47/44 Put spread on Total

Global Head of Listed & OTC Derivatives Sales / Saxo Bank
Instrument: FP:xpar
Price target:
Market price:

Total touched the 50-day moving average at 45.32 with 45.22 traded as the lowest and we have 45.06 (38.2% of retracement of 39.35/48.60) as the next support. We're taking our profit on the Mar15 47/44 Put Spread.

Total Daily Bar Chart
 Source: Saxo Bank

Management and risk description


Entry: Sell back the 50 Mar15 47/44 Put Spread (we bought at 0.97 on Feb11) at 1.52
=> Sell back 50 Mar15 47 Put at 1.80
& Buy back 50 Mar15 0.28

Profit is : Exit Price - Entry Price
1.52 - 0.97 = 0.55
For 50 Put Spread you paid a premium of 4'850 Euros (0.97 X 100 shares x 50 Put Spreads) to realise a profit of 2,750 Euros (0.55 X 100 shares X 50 Put spreads).

Return on Investment
= Profit/Premium X 100
= 0.55/0.97 X 100
= 56.70% 

— Edited by Clare MacCarthy

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