Stock / Symbol: Advanced Micro Devices / AMD
Option Strategy: Butterfly Put Spread
Trade entry date / price : 11 Jun 2020 / $56.33
Exit date / price : 12 Jun 2020 / $53.50
Recap: Our exit order for a credit of $0.35 per contract was filled last Friday, enabling us to realize our expected return of 218%.
Analysis:
Max Risk: $15 (our actual risk was $11)
Max Reward: $75 or 500% with AMD trading at $544 on Jun 12th
Profit Range: AMD between $53.25 and $54.75 on Jun 12th
Commission (round trip) : $12
Realized Profit / Loss : $24 or 218% (pre-commission)
