Stock / Symbol: Meta / FB
Strategy: Bull Put Spread
Trade post date: 22 Feb 2022 / $204.60
Price at this post: $225
Reasoning: My profitability target for this position has been reached. Taking profits here.
Trade Exit Order:
BTC 1 FB 20May22 175 put
STC 1 FB 20May22 170 put
For a max net debit of $0.50 per contract (GTC order, limit order). The mid is currently at a debit of $0.46. I was filled at $0.50
Analysis:
Max Risk: $400
Max Reward: $100 or 25% with FB over $175 by May 22nd
Profit Range: FB over $174.10 by May 22nd
Commission (round trip): $2.60
Downside Stop: $185
Secondary Stop: debit to close is 2x initial credit.
Realized Profit / Loss: $57 or 14.5% (pre commission)
