Stock / Symbol: Boeing / BA
Option Strategy: Bull Put spread
Trade entry date / price: 05 Aug 2019 / $332.25
Trade exit date / price: 16 Aug 2019 / $330.45
Recap: With BA closing at the end of trading on Friday over $315, we were able to allow our position to expire worthless and realize the full profit potential from the trade.
Position Details:
Short 1 BA 16Aug19 315 put
Long 1 BA 16Aug19 310 put
For a min net credit of $0.85 per contract. My actual credit was for $0.88
Analysis:
Max Risk: $415 ($412 actual)
Max Reward: $88 or 21% by Aug 16th with BA at/over $315
Profit Range: BA at/over $314.50 by Aug 16th
Suggested Downside Stop @ $315
Trade cost (round trip): $3
Trade duration: 10 trading days
Realized Profit / Loss: $88 or 21% (pre-commission)
