Stock / Symbol: SPDR Dow Jones Industrial Average / DIA
Option Strategy: [private_monthly]double calendar[/private_monthly];
Trade entry date / price: Oct 22nd / $171.76
Price at trade post: $176.14
Adjustment: Upside stop hit. Taking profits on the call portion on the calendar spread. Greeks after this adjustment will be: -20.6 delta, 0.5 theta, and 19.4 vega
Trade Adjustment Details:[private_monthly]
STC 1 DIA Dec15 176 call
BTC -1 DIA OctWk5 176 call
for a min net credit of $2.20 per contract (GTC order, limit order). Try to get filled near the mid, currently at 2.24. I was filled at $2.20.
[/private_monthly]
Max Risk: $170 (Adjusted down from $385)
Max Reward: $250 or 147% [private_monthly]at $168 by Oct 30th
Profit Range: $166.65 to $176.50 by Oct 30th
Suggested Upside stop: NA
Suggested Downside stop: @ $168
[/private_monthly]
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