This post is restricted to paying members. To follow are specific trade details:
Stock / Symbol: Advanced Micro Devices / AMD
Option Strategy: Calendar Call spread / Double Calendar (after adjustment)
Trade entry date / price: 06 Aug 2019 / $28.62
Price at this post: $33.054
Reasoning: Entering a GTC order to close the position at around 70% of the trades's max profit. The current Greeks are: -3.8 Delta, 10.7Theta and 14.6 Vega.
Closing Trade Details:
STC 1 AMD 17Jan20 30 call
BTC 1 AMD 16Aug19 30 call
STC 1 AMD 17Jan20 34 call
BTC 1 AMD 16Aug19 34 call
for a min net credit of $6.65 per contract (GTC order, limit order). The mid is currently at $6.65
Analysis:
Max Risk: $285+$330 = $615
Max Reward: $85 or 13.8% by Aug 16th with AMD at $34
Profit Range: AMD between $29.80 and $35.30 by Aug 16th
Suggested Downside Stop @ $30
Upside Stop @ $35.30
Profit / Loss upon fill: $50 or 8.1% (pre-commission)
Estimated Trade cost (round trip): $12
