Stock / Symbol: Advanced Micro Devices / AMD
Option Strategy: Calendar Call spread / Double Calendar (after adjustment)
Trade entry date / price: 06 Aug 2019 / $28.62
Trade exit date / price: 13 Aug 2019 / $32.60
Recap: At 6:47am PST on Aug 13th we got filled on our GTC exit order for a credit of $6.65 per contract. My actual cost for the 30 strike calendar was $2.80 per contract & $3.28 per contract for the 34 strike calendar.
Position Details:
Long 1 AMD 17Jan20 30 call
Short 1 AMD 16Aug19 30 call
Long 1 AMD 17Jan20 34 call
Short 1 AMD 16Aug19 34 call
Analysis:
Max Risk: $285+$330 = $615
My Actual Trade Cost: $2.80+$3.28 = $608
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
Realized Profit / Loss: $57 or 9.3% (pre-commission)
Estimated Trade cost (round trip): $12
