This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Solar ETF / TAN
Strategy: Calendar Call Spread
Trade post date: 12 Nov 2020 / $75.09
Price at this post: $80.15
Update / Reasoning: With TAN at the strike price of our calls, we're entering the exit order to capture an anticipated gain of 13%.
Trade Exit Order:
STC 1 TAN 16Apr21 80 call
BTC 1 TAN 27Nov20 80 call
For a min net credit of $7.10 per contract (GTC order, limit order). The mid is currently at a credit of $7.20
Analysis:
Max Risk: $645 / Realized Risk: $631
Max Reward: $300 or 46% with TAN at $80 at market close on Nov 27th
Profit Range: TAN between $73.75 and $88.50 on Nov 27th
Estimated Commission (round trip): $2.60
Downside Stop at: $69.99
Anticipated Profit / Loss upon fill: $84 or 13%
