Stock / Symbol: Herbalife / HLF;
Option Strategy: [/private_monthly]double calendar[/private_monthly];
Trade entry date / price at trade post: Jul 29 / $60;
Price at this post: $66.05
Reasoning: Up about 7%. Going to book the win now just in case HLF goes higher and reduces our profit or turns this into a losing trade.
Closing Trade Details:
[private_monthly]
STC 1 HLF Nov13 65 call
STC 1 HLF Nov13 50 put
BTC 1 HLF Aug13 65 call
BTC 1 HLF Aug13 50 put
for a min net credit of $7.85 (current mid is $7.90). GTC order, limit order. Try for the mid to mid -0.05.
Max Risk: $731
Max Reward: $140 or 19% (at current volatility level) at $65 by Aug 16
Profit Range: $60 - $67.50 by Aug 16
Suggested Downside Stop: @ $50
Suggested Upside Stop: @ $68.75
Realized Profit / Loss upon fill: $54 or 7.3% (pre-commission)
