Closing Trade: CECO Bull Put Spread

Today my target was hit and an order executed to close a vertical spread on CECO. This was another one that I opened before the blog started, so here's the opening trade on 1/7/09:


Sold CECO Bull Put Spread, 17.5/15 @ .81


As I've mentioned before, I put GTC orders in as soon as the trades go on. In this case I closed some of the spread at 60 cents, and some at 35 cents. My average price, the one that goes in my trading journal, was 53 cents.


Bought CECO Bull Put Spread, 17.5/15 @ .53


Very nice! After all commissions were paid this yielded a 13% profit in 20 days.

Good Trading...