Stock / Symbol: Workhorse / WKHS
Strategy: Calendar Call Spread
Trade entry date / price: 09 Nov 2020 / $18.88
Trade exit date / price: 17 Nov 2020 / $21.49
Recap: We just got filled on our exit order for the WKHS Calendar Call Spread, capturing a nice 24.7% gain over 9 calendar day period.
Position Details:
Long 1 WKHS 16 Apr21 22 call
Short 1 WKHS 20 Nov20 22 call
Entered at a debit of $4.25 per contract; exited at a credit of $5.30 per contract.
Analysis:
Max Risk: $435
Max Reward: $210 or 48% with WKHS at $22 at market close on Nov 20th
Profit Range: WKHS between $18.80 and $28.50 on Nov 20th
Estimated Commission (round trip): $2.60
Suggested Downside Stop at: $14.65
Realized Profit / Loss: $105 or 24.7% (pre commission)
