Trade Adjustment : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY
Option Strategy: [private_monthly]Double Calendar[/private_monthly]

Trade entry date / Aug 20 / price: $207
Price at trade post: $200.50

Reasoning: downside stop of $202 hit. Closing out put calendar portion of the trade & buying back the short calls

Trade Adjustment Details:[private_monthly]

STC 2 SPY Oct15 202 puts
BTC-2 SPY Sep15 202 puts
for a min net credit of $1.28 per contract (day order, limit order). The mid is currently at $1.28.

and

BTC -2 SPY Sep15 214 calls
At the market.

[/private_monthly]

Max Risk: $140
Max Reward: unlimited at/over [private_monthly]$207 (at current volatility)[/private_monthly] by Sep 18th
Profit Range: $207+ by Sep 18th
Suggested Upside stop: NA
Suggested Downside stop: NA

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