Stock / Symbol: Docusign / DOCU
Option Strategy: Broken Wing Butterfly Call Spread
Trade entry date / price: 09 Apr 2020 / $89.30
Trade exit date / price: Price at this post: 16 Apr 2020 / $102.90
Recap: We were filled right at market open on our exit order. 58% return in one week!
Position:
Long 1 DOCU 15May20 92.50 call
Short 2 DOCU 15May20 97.50 calls
Long 1 DOCU 15May20 100 call
In at a net debit of $1.20 per contract, out for a net credit of $1.90 per contract.
Analysis:
Max Risk: $120
Max Reward: $330 or 275% with DOCU trading at $97.50 on May 15th
Profit Range: DOCU at/over $93.75 by May 15th
Commission (round trip): $15
Realized Profit / Loss: $70 or 58% (pre-commission)
Suggested upside stop: $105
Suggested downside stop: $64.87
