This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: RIOT Blockchain / RIOT
Strategy: Broken Wing Butterfly Call Spread
Trade post date: 11 Feb 2021 / $18.18
Price at this post: $19.55
Reasoning: With RIOT trading in it's maximum profit range for this position (with RIOT over $18), I'm entering the exit order here.
Trade Exit Order:
STC 1 RIOT 18Feb22 14 call
BTC 2 RIOT 18Feb22 17 calls
STC 1 RIOT 18Feb22 18 call
For a min net credit of $1.99 per contract (GTC order, limit order). The mid is currently at a credit of $1.90. It may take up until the day of expiration (Feb 18th) to get filled.
Analysis:
Max Risk: $155 / My Actual Risk: $150
Max Reward: $140 or 90% with RIOT at $17 on Feb 18th
Profit Range: RIOT over $15.65 by Feb 18th
Estimated Commission (round trip): $6.65
Anticipated Profit / Loss upon fill: $49 or 32.6% (pre commissions)
