Stock / Symbol: iShares Russell 2000 Index / IWM
Option Strategy: bull put spread
Trade entry date: Nov 16
Price at trade entry: $76.90
Price at trade exit: $79.12
Reasoning: Up 7.5% (pre-commission) one full day into the trade, have to take profits. May look at a new iron condor on IWM tomorrow.
Closing Trade Details:[private_monthly]
BTC -5 IWM Dec12 72 puts
STC 5 IWM Dec12 69 puts
for a max net debit of $0.15 per contract (GTC, limit order). I got filled at $0.14 during the last minutes of trading today.
Max Risk: $1330
Max Reward: $170 or 12.8% at $72+ by Dec 21
Profit Range: $71.70 + by Dec 21
Suggested Downside stop: @ $73.5
Realized Profit / Loss: $70 or 5.2% (post-commission)
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