Stock / Symbol: ROKU
Option Strategy: bull put spread
Trade entry date / price: 27 Sep 2019 / $102
Trade exit date / price: 08 Oct 2019 / $108.26
Update: Although there are still 10 days until our short put expires, our position has realized over 85% of it's profit potential. So, we're going to close the position now and take profits.
Position Details:
Short 1 ROKU 18Oct2019 85 put
Long 1 ROKU 18Oct2019 80 put
for a net credit of $0.95 per contract.
Closing Order:
BTC 1 ROKU 18Oct2019 85 put
STC 1 ROKU 18Oct2019 80 put
for a max net debit of $0.13 per contract (GTC order, limit order). I was filled a few minutes ago at $0.13
Analysis:
Max Risk: $405
Max Reward: $95 or 23.4% by Oct 18th with ROKU at/above $85
Profit Range: ROKU at/above $85 by Oct 18th
Realized Profit / Loss: $82 or 20.2% (pre trade commissions)
Trade Cost: $6
