Stock / Symbol: Advanced Micro Devices / AMD
Strategy: Diagonal Call Spread
Trade entry date / price: 1 Jun 2021 / $81.01
Price at this post: $80.20
Update / Reasoning: With AMD now trading lower than it was upon this position's entry, I'm just going to close it out here to realize the trade's gain. Current Greeks are: 28.0 Delta, 4.5 Theta, and 21.0 Vega.
Trade Exit Order:
STC 1 AMD 21Jan22 82.5 call
BTC 1 AMD 18Jun21 83.5 call
For a min net credit of $8.10 per contract (GTC order, limit order). I was just filled at $8.10
Analysis:
Max Risk: $775
Max Reward: $225 or 29% with AMD at $83.50 on Jun 18th
Profit Range: AMD between $79.50 and $89.50 at market close on Jun 18th
Estimated Commission (round trip): $2.60
Downside Stop at: $72.99
Realized Profit / Loss: $35 or 4.5% (pre commission)
