DTV Trade Followup

• stevenplace
• February 13th, 2009

Well this trade has worked out phenomenally [see earlier post]. Currently the position is up about $670. The assumption that it would stay within this range after earnings was proved correct, and we’ve seen a lot of the volatility in the front month come out, so the ATM options we sold deflated by a significant amount.

Now we could try and hold until expiration, but the play was an earnings play only, so I’d be hesitant to do something like that. It’s up to your trading style.

Here’s the current risk profile:

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Tickers: dtv

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