Stock / Symbol: Select Sector Spdr Energy ETF / XLE
Option Strategy: Calendar Call spread
Trade entry date / price: 06 Sep 2019 / $58.92
Trade exit date / price: 18 Sep 2019 / $61.75
Update: It took a bit longer than expected to get filled (7 trading days), but we got filled first thing this morning for a credit of $1.74 per contract.
Position Details:
Long 2 XLE 20Dec19 60 calls
Short 2 XLE 20Sep19 60 calls
in at a debit of $1.58 per contract / out at a credit of $1.74 per contract
Analysis:
Max Risk: $316
Max Reward: $190 or 60% by Sep 20th with XLE at $60
Profit Range: XLE between $57.85 and $62.20 by Sep 20th
Suggested Downside Stop @ $55
Realized Profit / Loss upon fill: $32 or 10% (before trade commissions)
Trade commissions (round trip): $12
