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: $109.51
Adjustment: [private_monthly]Selling a Jun call against our long call.[/private_monthly] After this adjustment, the trade's Greeks will be: -1.5 Delta, -2.0Theta, and 17.6 Vega.
Trade Adjustment Details:[private_monthly]
STO -1 QQQ Jun 112 call
for a min net credit of $0.10 per contract (day order, limit order). The mid is currently at $0.10.
[/private_monthly]
Max Risk: $170 (reduced from $325)
Max Reward: unlimited under 101.70 by Jun 19th
Profit Range:$0 to $101.70 by Jun 19th
Suggested Upside stop: @ $112
Suggested Downside stop: NA
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