DBC was threatened as expiry approached so I closed early.

music selection:  “When The Night Comes Falling From The Sky” — The Jeff Healey Band

On 23FEB2021, I bought the 16/17 strikes bull call spread with 16APR2021 expiry for 62 cents a share (80 spreads).  I put 4,960 in capital at risk.  With only a few days left till expiry, the short strike was out of the money.  I decided to close early for a profit rather than risk a loss.  I sold for 78.575 cents per share.  My profit is 1,326 over 50 days which is good for 26.7% or 195% annualized.

Marked to market, my April is on track to close with 6,646 in trading profits.  That includes 8,696 in short term trades and complete losses on two hedges, GME and CONN.

Devour your prey raptors!

Close DBC bull call spread for 195% yield

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