Sucessful $NVDA Bull Put Spread Roll

Opened on Nov 27th, 10 Bull Put Spread $207.50/$202.50 set to expire on Dec 1st when $NVDA was trading at $214 per share.  $NVDA took a nose dive in the next few days and closed at $198 per share on Dec 1st.

First Trade BPS $207.50/$202.50:  +$260 premium collected

Assigned shares of NVDA on Dec 1st:  -$5000 capital loss

On Dec 1st, 10 Bull Put Spread $190/$175 wider spread set to expire Mar 16, 2018. 

Second Trade BPS $190/$175:  +$5600 premium collected

Today, I closed $NVDA for 5c debit as $NVDA closed at $247 per share.  I could have waited till Mar 16th for it to expire worthless but after what happened last time, I decided to close early to lessen the burden on my margin as this BPS took 15000 instead of the 5000 margin requirement.  From this trade series, I profited $860.

NEW TRADE FOR FEB 26, 2018

Feb 26, 2018
2- Bull put spread on $LMT $145/$135 strikes 23MAR18: premium collected $251 on $2000 margin risk