Tuesday 10 November 2009

Hang Seng Bank Put Option Position Close

HSB (11) had break it consolidation pattern and rise to around $115 yesterday and the Premium of our HSB $110 Nov 09 Put has drop to around $0.4-0.5 per contract. Which had drop more than 80% from the original $2.68 premium. So I decide it is time to take my profit and buy back the contract with a premium of $0.42 per contract. From today I will include a past performance topic which I will post all the performance of the trade that I have put up in this blog.

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