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Stock / Symbol: Zoom Video / ZM
Strategy: Calendar Put Spread
Trade entry date / price: 31 Jul 2020 / $251.52
Price at this post: $270.64
Update / Reasoning: Upside stop hit, exiting the trade.
Trade Exit Order Details:
STC 1 ZM 18Sep20 200 put
BTC 1 ZM 21Aug20 200 put
For a min net credit of $3.70 per contract (GTC order, limit order). The mid is currently at a credit of $3.90 and I was filled at $3.87
Analysis:
Max Risk: $500
Max Reward: $1000 or 200% with ZM at $200 by Aug 21st
Profit Range: ZM between $175 and $234 by Aug 21st
Estimated Commission (round trip): $6
Upside Stop @ $260
Realized Profit / Loss: ($111) or - 22% (pre commission)
