Stock / Symbol: Netflix / NFLX
Option Strategy: [private_monthly]iron condor[/private_monthly];
Trade entry date / price at trade post: Oct 30 / $99.27;
Price at trade close: $113.40;
Reasoning: Upside stop triggered. Closing the trade.
Closing Trade Details:[private_monthly]
BTC -2 NFLX Nov15 114 calls
STC 2 NFLX Nov15 116 calls
BTC -2 NFLX Nov15 84 puts
STC 2 NFLX Nov15 82 puts
for a max net debit of $0.95 per contract. (GTC order, limit order). The current mid is $0.92. I was filled at $0.92
[/private_monthly]
Max Risk: $300 (filled at $.50 credit)
Max Reward: $100 or 33% [private_monthly]between $84 and $114[/private_monthly] by Nov 20th[private_monthly]
Profit Range: [private_monthly]between $84 and $114[/private_monthly] by Nov 20th[private_monthly]
Suggested Upside stop: 110
Suggested Downside stop: 87.50
Realized profit / loss: ($84)
[/private_monthly]
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