This post is restricted to paying members. To follow are specific trade adjustment details:
Stock / Symbol: The Walt Disney Co / DIS
Strategy: Calendar Call Spread
Trade entry date / price: 05 Mar 2020 / $113.60
Price at time of this post: $122.00
Update / Adjustment: We're now up about 60% on this trade. Going to lock in the profits.
Closing Trade Details:
STC 1 DIS 15Jan21 125 call
BTC 1 DIS 19Jun20 125 call
For a min net credit of $9.50 per contract (GTC order, limit order). The mid is currently at a credit of $9.64 and I was filled at $9.50
Analysis:
Max Risk: $608 (Adjusted down from $650)
Max Reward: $660 or 108% with DIS trading at $125 by Jun 19th
Profit Range: DIS trading between $109 and $145 by Jun 19th
Commission (round trip): $13.50
Realized Profit / Loss: $383 or 63% (pre commission)
Upside stop @ $125
