Stock / Symbol: Direxion Small Cap Bull 3x / TNA;
Option Strategy: put tree;
Trade entry date / price: Jun 12 / $47.77
Trade expiration date: Jun 21
Price at trade expiration: $45.62
Analysis: TNA never did come close to our obligated buy price of $42. Would loved to have had to buy it at $42 but made some money waiting for the opportunity to buy at a 12% discount (compared with price at trade entry).
Expired position:
long 1 TNA Jun13 44 put
short -1 TNA Jun13 43 put
short -1 TNA Jun13 42 put
for a net credit of $0.23 per contract.
Max Risk: $4177
Max Reward: $122 or 2.9% between $42.01 to $43 by Jun 21
Profit Range: $41+ by Jun 21
Suggested Upside stop: NA
Suggested Downside stop: NA
Realized Profit / Loss: $23 or 0.55% (pre-commission, 10 day trade)
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