Stock / Symbol: Skechers / SKE
Option Strategy: bear call spread
Trade entry date / price: 22 July 2019 / $39.25
Trade exit date / price: 31 July 2019 / $38.38
Recap: The position was entered at a credit of $0.35 and closed for a debit of $0.05
Position Details:
Short 2 SKX 2Aug19 40 calls
Long 2 SKX 2Aug19 41.5 calls
Analysis:
Max Risk: $230
Max Reward: $70 or 30% by Aug 2nd with SKX at/under $40
Profit Range: SKX At/under $40.30 by Aug 2nd
Suggested Upside Stop @ $40.15
Realized Profit / Loss: $60 or 26% (pre-commission)
Trade cost: $12
