This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Dow Jones Industrial Average ETF / DIA
Strategy: Bear Call Spread
Trade entry date / price: 01 Feb 2021, $302.28
Price at this post: $301.18
Update: Got filled immediately upon market open for a credit of $0.83 per contract.
Position:
Short 1 DIA 26Feb21 316 call
Long 1 DIA 26Feb21 321 call
The mid is currently at $0.75. As planned, I have set a GTC exit order for a debit of $0.25 per contract.
Analysis:
Max Risk: $417
Max Reward: $83 or 19.9% with DIA under $316 at market close on Feb 26th
Profit Range: DIA at/under $316.50 at market close on Feb 26th
Estimated Commission (round trip): $2.60
Upside Stop at: $316
