Stock / Symbol: VMWare / VMW
Strategy: Calendar Call Spread
Trade entry date / price: 14 Jun 2021 / $163.67
Price at this post: $159.45
Update / Reasoning: Downside stop of $159.50 triggered, exiting the trade.
Trade Exit Order:
STC 1 VMW 17Sep21 165 call
BTC 1 VMW 2Jul21 165 call
For a min net credit of $4.00 per contract (GTC order, limit order). The mid is currently at a credit of $4.00 I was just filled at $4.00
Analysis:
Max Risk: $515
Max Reward: $225 or 44% with VMW at $165 on Jul 2nd
Profit Range: VMW between $160 and $170 at market close on Jul 2nd
Estimated Commission (round trip): $2.60
Downside Stop at: $159.50
Upside Stop at: $170.50
Realized Profit / Loss: ($110) or -21.6% (pre commission)
