Stock / Symbol: SPDR Dow Jones Industrial Average / DIA
Option Strategy: bull put spread
Trade entry date: Nov 16
Price at trade entry: $125.28
Price at this post: $129.22
Reasoning: Going to lock in an 8.4% pre-commission gain here. If I find a good trade, look for a new iron condor on DIA in a little bit.
Closing Trade Details:[private_monthly]
BTC -7 DIA Dec12 119 puts
STC 7 DIA Dec12 117 puts
for a max net debit of $0.07 per contract (GTC, limit order).
[/private_monthly]
Max Risk: $1260
Max Reward: $140 or 11% [private_monthly]at $119+ [/private_monthly]by Dec 21
Profit Range: $118.85 + by Dec 21
Suggested Downside stop: @ $122
Profit / Loss upon fill: $63 or 5.0% (post-commission)
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