Closing out PPDI

I closed out my arbitrage trade on PPDI today. Same deal as the rest of the closed arbitrage trades; there just wasn't enough premium left to make it worthwhile to leave it open for another 2 months.

• Buy to Close: 1 PPDI Jan 21 2012 32.5 Put @ $0.10

I exited this trade with a return of 12% on margin in just 6 weeks.

The Numbers

• Cash: -$10
• Short Option: +$15
• Margin: +$650