Stock / Symbol: Intel / INTC
Strategy: Bull Put Spread
Trade entry date / price: 23 Oct 2020 / $47.90
Price at this post: $47.80
Update / Reasoning: Entering the exit order on the INTC position now, with the idea of exiting for the position's original max profit. The current Greeks on this position are: 10.6 Delta, 1.8 Theta and -1.3 Vega.
Trade Exit Order:
BTC 2 INTC 04Dec20 45 puts
STC 2 INTC 04Dec20 42.50 puts
For a max net debit of $0.04 per contract (GTC order, limit order). The mid is currently at a debit of $0.05. This may not fill until Monday.
Analysis:
Max Risk: $446 / My Risk: $442
Max Reward: $58 or 13% with INTC at/over $45 on Dec 4th
Profit Range: INTC over $44.75 on Dec 4th
Estimated Commission (round trip): $10.40
downside stop @ $43
Anticipated Profit / Loss upon fill: $50 or 11% (pre commission)
