Stock / Symbol: PowerShares QQQ / QQQ
Option Strategy: [private_monthly]Double Calendar[/private_monthly]
Trade entry date / price: May 7 / $107.01
Price at this adjustment: $110.64
Adjustment: [private_monthly]Selling a Jun Week1 call against our long call.[/private_monthly] After this adjustment, the trade's Greeks will be: -3.9 Delta, -1.1 Theta, and 20.7 Vega.
Trade Adjustment Details:[private_monthly]
STO -1 QQQ JunWk1 112 call
for a min net credit of $0.30 per contract (day order, limit order). The mid is currently at $0.33. Try for the mid -.01.
[/private_monthly]
Max Risk: $180 (reduced from $325)
Max Reward: unlimited under 102.65 by Jun 5th
Profit Range:$0 to $102.65 by Jun 5th
Suggested Upside stop: @ $113.50
Suggested Downside stop: NA
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