Stock / Symbol: Twitter / TWTR;
Option Strategy: condor;
Trade entry date / price: 4 Feb / $40.66;
Price at time of this post: $47.01;
Reasoning: Got the expected pop on TWTR. Hopefully it'll settle within our max profit range of 44 - 46 by day's end. Submitting the closing order now to attempt to capture approximately 70% of the trade's potential profit. If TWTR is between 44 and 46 just before closing, you can capture the trade's full upside.
Closing Trade Details:
STC 2 TWTR FebWk1 43 Calls
BTC 2 TWTR FebWk1 44 Calls
BTC 2 TWTR FebWk1 46 Calls
STO 2 TWTR FebWk1 47 Calls
for a min net credit of $0.72 per contract (day order, limit order). The mid is currently 0.39. If in our profit range, this should fill once there are less than 2 to 3 hours left in trading today.
Max Risk: $34 (got filled at 0.17)
Max Reward: $166 or 488% between 44 & 46 by Feb 6th
Profit Range: between 43.20 & 46.80 by Feb 6th
Suggested Downside Stop: NA
Suggested Upside Stop: NA
Profit / Loss upon fill: $110 or 324% (pre-commission)
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