This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: Dow Jones ETF / DIA
Strategy: Bear Call Spread / Iron Condor
Trade entry date / price: 12 Aug 2021 / $354.55
Price at this post: $353.40
Update / Reasoning: With it looking like we're now getting the pullback in the DOW I was basing this trade on originally, I'm just closing this trade for a small loss.
Trade Exit Order:
BTC 1 DIA 20Aug21 357 call
STC 1 DIA 20Aug21 361 call
BTC 1 DIA 20Aug21 354 put
STC 1 DIA 20Aug21 352 put
as close to the mid as possible, working up to the ask. The current mid is $1.26. I was just filled at debit of $1.28
STO 1 DIA 20Aug21 354 put
BTO 1 DIA 20Aug21 352 put
For a min net credit of $0.45 per contract (day order, limit order). The mid is currently at a credit of $0.48. I was just filled at $0.47
Analysis:
Max Risk: $290
Max Reward: $110 or 37.9% with DIA between $354 and $358 by Aug 20th
Profit Range: DIA between $354 and $358 at market close on Aug 20th
Estimated Commission (round trip): $7.80
Revised upside stop: $358
Downside stop: $354
Realized Profit / Loss: ($18) or - 6.2% (pre commission)
