Stock / Symbol: Walgreens Boots Alliance / WBA
Strategy: Calendar Call Spread
Trade entry date / price: 31 Jul 2020 / $40.37
Price at this post: $43.09
Update / Reasoning: With WBA trading over our calendar's strike price, we're going to enter in a closing order now. lt may take a few days to get filled. The current Greeks are: -9.9 Delta, 2.7 Theta, and 16.6 Vega.
Trade Exit Details:
STC 1 WBA 21Jan22 42.5 call
BTC 1 WBA 21Aug20 42.5 call
For a min net credit of $5.00 per contract (GTC order, limit order). The mid is currently at a credit of $4.79
Analysis:
Max Risk: $440
Max Reward: $115 or 26% with WBA at $42.50 by Aug 21st
Profit Range: WBA between $40 and $45 by Aug 21st
Estimated Commission (round trip): $6
Anticipated Profit / Loss upon fill: $70 or 16% (pre commission)
