Stock / Symbol: Solar ETF / TAN
Strategy: Calendar Call Spread
Trade entry date / price: 12 Nov 2020 / $75.09
Trade exit date / price: 23 Nov 2020 / $79.38
Update: Our exit order was filled today at 8:22am PST.
Position Details:
Long 1 TAN 16Apr21 80 call
Short 1 TAN 27Nov20 80 call
Entered the position for a net debit of $6.31 per contract and exited at a net credit of $7.10 per contract.
Analysis:
Max Risk: $645 / Realized Risk: $631
Max Reward: $185 or 29% with TAN at $80 at market close on Nov 27th
Profit Range: TAN between $76.50 and $84.50 on Nov 27th
Commission (round trip): $2.60
Downside Stop at: $69.99
Realized Profit / Loss: $79 or 12.5% (pre commission)
