Stock / Symbol: Bank of America / BAC
Option Strategy: [private_monthly]diagonal call spread[/private_monthly]
Trade entry date / price: 22 Jan / $15.82
Price at trade close : $15.80
Reasoning: Downside stop triggered. Closing here for a 3% return.
Trade Adjustment Details:[private_monthly]
STC 2 BAC Jan16 10 calls
BTC -2 BAC MarWk1 16 calls
for a min net credit of $5.65 per contract (day order, limit order). The mid is currently at 5.69. Try for the mid -0.02.
[/private_monthly]
Max Risk: $1083 (down from $1170)
Max Reward: $115 or 11% (at current volatility level) [private_monthly] at $16 by Mar 6th[/private_monthly]
Profit Range: $15.30 + by Mar 6th
Suggested Downside stop: @ $15.82
Suggested Upside stop: NA
Profit / Loss upon fill: $37 or 3% (pre-commission)
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