This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Meta Platforms / META
Strategy: Bull Put Spread
Trade post date: 01 Sep 2022 / $162.95
Price at this post: $170.80
Update / Reasoning: With META trading over $170, per my plan, I'm taking profits on this trade. The current net position Greeks are: 5.2 Delta, -0.7 Gamma, 0.2 Theta, and -1.3 Vega.
Trade Exit Order:
BTC 1 META 18Nov22 165 put
STC 1 META 18Nov22 160 put
For a max net debit of $2.00 per contract (GTC order, limit order). The mid is currently at a debit of $2.00. I was just filled at $2.00
Analysis:
My Max Risk: $260
Max Reward: $240 or 92% with META over $160 by Nov 22nd
Profit Range: META over $162.60 by Nov 22nd
Commission (round trip): $2.60
Downside Stop: $154.24
Realized Profit / Loss: $40 or 15% (pre commission)
