Stock / Symbol: iShares 20+ Year Treasury Bond ETF / TLT
Strategy: Bull Put Spread
Trade entry date / price: 16 Jun 2022 / $108.30
Price at this post: $112.80
Update / Reasoning: I exited this trade this morning for a 9.4% return in 4 trading days.
Trade Exit Order:
BTC 1 TLT 19Aug22 100 put
STC 1 TLT 19Aug22 95 put
For or a max net debit of $0.35 per contract (GTC order, limit order). The mid is currently at a debit of $0.32. I was filled at $0.35.
Analysis:
Max Risk: $425
Max Reward: $75 or 17.6% with TLT over $100 on Aug 19th
Profit Range: TLT over $100 on Aug 19th
Commission (round trip): $2.60
Suggested downside Stop @ $102.50
Realized Profit / Loss: $40 or 9.4% (pre commission)
