Stock / Symbol:Nasdaq 100 / NDX
Option Strategy: bear call spread ;
Trade entry date / price: Oct 18 / $3350 ;
Price at trade post: $3392 ;
Reasoning: Upside stop surpassed today. As we've done well with our other trades this month, I see no point in attempting to adjust this trade / continue to carry to upside risk. The trade's current Greeks are: -4 delta, 14.7 theta, and -40 vega.
Closing Trade Details:
BTC -1 NDX Nov13 3500 call
STC 1 NDX Nov13 3525 call
For a max net debit of $2.00 per contract. (day order, limit order). The current mid is $1.83 and I was just filled at $1.85.
Max Risk: $2,380
Max Reward: $120 or 4.8%
Profit Range: $0 to $3500 by Nov 15
Suggested Upside stop: @ $3400
Realized profit / loss: ($65) or - 2.7% (pre-commission)
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