Stock / Symbol: Beyond Meat / BYND
Strategy: Broken Wing Butterfly Put Spread
Trade entry date / price: 14 Oct 2020 / $188.30
Trade exit date / price: 20 Oct 2020 / $176.85
Recap: Our exit order was filled yesterday at 12:10 pm PST for a nice, quick 39% return.
Position:
Long 1 BYND 30Oct20 175 put
Short 2 BYND 30Oct20 170 puts
Long 1 BYND 30Oct20 167.50 put
Entered for a debit of $0.85 exited at a credit of $1.20.
Analysis:
Max Risk: $90 / Realized Risk: $85
Max Reward: $350 or 388% with BYND at $170 by Oct 30th
Profit Range: AMD at/under $173.90 by Oct 30th
Commission (round trip): $5.20
Upside Stop @ $191.45
Realized Profit / Loss: $35 or 39% (pre commission)
