Stock / Symbol: ServiceNow / NOW
Option Strategy: bull put spread
Trade entry date / price: 17 Oct 2019 / $253.62
Trade exit date / price: 24 Oct 2019 / $238.65
Reasoning: closing trade to lock in profits
Position Details:
BTC 1 NOW 25Oct2019 230 put
STC 1 NOW 25Oct2019 225 put
at a max net debit of $0.10 per contract. (GTC order, limit order). I was filled at $0.10. Note: with NOW trading above $238 tomorrow, feel free to just let the position expire worthless for the trade's full profit potential.
Max Risk: $425
Max Reward: $75 or 17% by Oct 25th with NOW at/above $230
Profit Range: NOW at/above $230 by Oct 25th
Realized Profit / Loss: $65 or 15% (pre-commission)
Trade Cost: $6
