Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA;
Option Strategy: [private_monthly]double calendar (originally)[/private_monthly];
Trade entry date / price: Feb 13 / $140.20;
Price at this post: $142.70;
Current Position:[private_monthly]
long 3 DIA Apr13 135 puts
short -3 DIA Mar13 135 puts
Reasoning: Upside stop hit on the trade. Closing out for a slight overall loss on the trade.
Closing Trade Details:[private_monthly]
STC 3 DIA Apr13 135 puts
BTC -3 DIA Mar13 135 puts
for a min net credit of $0.52 per contract (GTC, limit order). The mid is currently at $0.54.
Max Risk: $275 (down from $1025)
Max Reward: $300 or 109% (at current volatility level) at $135 by Mar 15
Profit Range: $131 to and $138.90 (at current volatility level) by Mar 15
Suggested Upside stop: @ $141.50
Suggested Downside stop: @ $135
Realized Profit / Loss on entire trade: ($70) pre-commission
[/private_monthly]
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