Stock / Symbol: Twitter / TWTR;
Option Strategy: calendar call spread
Trade entry date / price: 1 Apr / $51.00
Price at this adjustment: $36.24
Adjustment: Selling another call against the position to generate revenue. The Greeks after this adjustment will be: 34.8 delta, 0.7 theta, and 15.0 vega.
Trade Adjustment Details:
[private_monthly]
STO -1 TWTR Jul 40 Call
for a min net credit of $0.40 per contract (GTC order, limit order). The mid is currently $0.38. I was filled at $0.42
[/private_monthly]
Max Risk: $1041
Max Reward: [private_monthly] ($156) or (15%) (at current volatility) at $40[/private_monthly] by Jul 17th
Profit Range: [private_monthly] Currently NA[/private_monthly]
Suggested Downside Stop: NA
Suggested Upside Stop: $41
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