The EuroStoxx 50 Index closed the week at 3,600 points. After the last move up the European markets went down again. After selling the upper range put option at 3,750 points the position fits just perfect in the profit range. The volatility went up slightly to 19 points, but through time decay we were still able to earn some money.
As there were no new positions opened since the last performance report, the break even points did not change. We are still earning a profit if the index will close between 3,275 and 3,850 points. Same applies to the next steps that have to be taken in case the index moves to close to our boundaries.