This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Micron Technology
Strategy: Diagonal Put Spread
Trade post date: 31 Jan 2022 / $80.50
Price at this post: $91.88
Reasoning: With this position's net Delta negative and with the current profit near my target of 10%, I'm closing out this trade here.
Trade Exit Order:
BTC 1 MU 18Feb22 80 put
STC 1 MU 18Mar22 77.5 put
For a min net credit of $0.90 per contract (GTC order, limit order). The mid is currently at a credit of $0.98 and I was just filled at $0.98
Analysis:
Max Risk: $315
Max Reward: $200 or 63.5% with MU at $80 on Feb 18th
Profit Range: MU over $76.50 at market close on Feb 18th
Commission (round trip): $2.60
Realized Profit / Loss: $33 or 10.5% (pre commission)
