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: $199
Reasoning: Closing trade here at break-even to protect against the possibility of another market pullback.
Closing Trade Details:
STC 2 SPY Oct15 214 calls
for a min net credit of $0.38 per contract (day order, limit order). The mid is currently at $0.40. I was filled at $0.42
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
Realized Profit / Loss: $0 (pre-commission)
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