This post is restricted to paying members. To follow are specific, active trade details:
Stock / Symbol: Roku / ROKU
Strategy: Vertical Put Spread
Trade entry date / price: 19 Jan 2020 / $420.75
Price at this post: $388
Update: With ROKU trading against us the first few days of this trade, today's move down provides an opportunity to exit for a decent return. Also, I have less conviction, at this point, that a $320 price target is realistic in the time frame we're working with. Current Greeks are: -2.2 Delta, -8.1 Theta, and 2.4 Vega
Exit Order:
STC 1 ROKU 05Feb21 330 put
BTC 1 ROKU 05Feb21 320 put
For a min net credit of $0.55 per contract. The mid is currently at a credit of $0.60 and I was just filled at $0.60
Analysis:
Max Risk: $35
Max Reward: $965 or 2700% with ROKU at $320 on Feb 5th
Profit Range: ROKU under $329.25 on Feb 5th
Commission (round trip): $2.60
Realized Profit / Loss upon fill: $25 or 71% (pre commission)
