This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: Workhorse Group / WKHS
Strategy: Calendar Call Spread
Trade entry date / price: 17 Mar 2021 / $16.35
Price at this post: $16.35
Update / Reasoning: Taking advantage of the huge pop up with WKHS stock this week and exiting the position here for a nice win.
Trade Exit Order:
STC 1 WKHS 21Jan22 12 call
BTC 1 WKHS 18Jun21 14 call
for min net credit of $2.50 per contract (day order, limit order). The current mid is at $2.65. I was filled at $2.97
then:
STC 1 WKHS 21Jan22 18 call
For a min net credit of $5.00 per contract (GTC order, limit order). The mid is currently at a credit of $5.00. I was just filled at $5.10
Analysis:
Max Risk: $625
Max Reward: unlimited over $14.65 at market close on Jun 18th
Profit Range: WKHS at/over $14.65 at market close on Jun 18th
Estimated Commission (round trip): $7.80
Realized Profit / Loss: $216 or 34% (pre commission)
