Stock Symbol: FaceBook / FB;
Option Strategy: [private_monthly]call spread + put spread[/private_monthly];
Trade entry date / price: 7 Jul / $85.67
Price at this post: $90.43;
Reasoning: Up just over 13% on the trade already, locking in the gain. Current greeks are: 16.53 delta, -1.76 theta, and 4.10 vega
Closing Trade Details:[private_monthly]
STC 1 FB Aug16 90 call
BTC 1 FB Aug16 95 call
STC 1 FB Aug16 80 put
BTC 1 FB Aug16 75 put
for a min net credit of $2.50 per contract (GTC order / limit order). Current mid is $2.44. I was filled at $2.50
Max Risk: $220 (trade entered at $2.20 debit)
Max Reward: $280 or 124% under 74.50 or over 95.50 by Aug 21st
Profit Range: under $77.75 or over $92.40 by Aug 21st
Suggested upside stop: NA
Suggested downside stop: NA
Realized profit / loss: $30 or 13.6% (pre-commission)
