Stock / Symbol: Twitter / TWTR;
Option Strategy: calendar call spread
Trade entry date / price: 1 Apr / $51.00
Price at this adjustment: $37.26
Adjustment: Our short call expired worthless on Friday. Now, selling a Jun Wk1 call against the position. The Greeks after this adjustment will be: 38.3 delta, 1.23 theta, and 2.6 vega.
Trade Adjustment Details:
[private_monthly]
STO -1 TWTR JunWk1 40 Call
for a min net credit of $0.23 per contract (GTC order, limit order). The mid is currently $0.25.
[/private_monthly]
Max Risk: $1081
Max Reward: [private_monthly] ($201) or (18.5%) (at current volatility) at $40[/private_monthly] by Jun 5th
Profit Range: [private_monthly] Currently NA[/private_monthly]
Suggested Downside Stop: NA
Suggested Upside Stop: $41
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