This post is restricted to paying members. To follow is specific new trade details:
Stock / Symbol: BP Amoco / BP
Option Strategy: bull put spread / long BP stock
Entry Date / Price: 29 July 2019 / $38.99
Price at this adjustment: $39.14
Update / Adjustment: With world events bringing up the price of oil sharply today, we're going to close out our position in BP for a decent profit. .
Closing Trade Details:
STC 100 shares BP
for a min net credit of $39.00 per share. The mid is currently at $39.12 (GTC order, limit order). I was filled at $39.12
Max Risk: $3,760
Max Reward: unlimited with BP over $38
Profit Range: BP at / over $37.60
Realized Profit / Loss upon fill: approx $152 or 4% (pre commission)
