Stock / Symbol: Twitter / TWTR
Strategy: Diagonal Put Spread
Trade entry date / price: 14 Apr 2022 / $47.50
Price at this post: $47.20
Update / Reasoning: Technically, TWTR seems to be holding support at its 17 moving average. With that, I'm adjusting the exit order to fill now for about a 20% return.
Trade Exit Order Adjustment:
STC 1 TWTR 15Jul22 40 put
BTC 1 TWTR 29Apr22 35 put
For a min net credit of $2.15 per contract (GTC order, limit order). The mid is currently at a credit of $2.19. I was just filled at $2.18
Analysis:
Max Risk: $182
Max Reward: $450 or 240% with TWTR at $35 on Apr 29th
Profit Range: TWTR below $46 by Apr 29th
Estimated Commission (round trip): $2.60
Realized Profit / Loss: $36 or 19.8% (pre commission)
