Options Trade – SPDR Dow Jones Industrial Average ETF (DIA): Part two

Following the Hedge Strategy I started last month, I placed the following trade today:

• Bought: 5 DIA 205 strike price Puts that expire on August 18, 2017.
• Sold: 5 DIA 202 strike price Puts that expire on August 18, 2017.

*Premium Paid: $250.00

The max loss for this trade is the $250.00 I paid in premium, the max profit is $1,250.00.  With the low volatility environment continuing – these the low risk, high reward trades are the only way to go.

*Excludes transaction costs.

Extra – have a great weekend, use the barbecue!