Stock / Symbol: SPDR Dow Jones Industrial Average / DIA
Option Strategy: [private_monthly]double diagonal[/private_monthly];
Trade entry date / price: 29 Feb / $166.44
Price at trade post: $175.55
Reasoning: The call leg of this trade is ITM. Closing it out now. We'll look to add to this position early next week.
Trade Adjustment Details:[private_monthly]
STC 1 DIA Marwk4 173 call
BTC -1 DIA Mar16 172 call
at the market
[/private_monthly]
Max Risk: $108
Max Reward: $110 or 101% (at current volatility) [private_monthly] at $160 by Mar 18th[/private_monthly]
Profit Range: $157.75 to $173 by Mar 18th
Suggested Upside stop: NA
Suggested Downside stop: @ $158
[/private_monthly]
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