Stock / Symbol: Walgreens Boots Alliance / WBA
Strategy: Calendar Call Spread
Trade entry date / price: 31 Jul 2020 / $40.37
Trade exit date / price: 11 Aug 2020 / $42.97
Update: Shortly after posting the trade exit details today for our WBA position, I was filled at the $5.00 credit price we set.
Trade Details:
Long 1 WBA 21Jan22 42.5 call
Short 1 WBA 21Aug20 42.5 call
Entered position at a debit of $4.29 per contract on Jul 31st and exited today at a credit of $5.00 per contract.
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
Realized Profit / Loss upon fill: $71 or 16% (pre commission)
Commission (round trip): $6
