This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: ETSY.com / ETSY
Strategy: Diagonal Call Spread
Trade post date: 14 Sep 2022 / $109.50
Price at this post: $99
Update / Reasoning: Downside stop triggered. Closing trade for a loss.
Trade Exit Order:
STC 1 ETSY 18Nov22 110 calll
BTC 1 ETSY 23Sep22 111 call
For a min net credit of $7.50 per contract (day order, limit order). The mid is currently at a credit of $7.60. I was just filled at $7.55
Analysis:
Adjusted Max Risk: $1000
Max Reward: $325 or 32% with ETSY at $111 on Sep 23rd
Profit Range: ETSY between $104.50 and $121 by Sep 23rd
Commission (round trip): $5.20
Suggested downside stop: $102.25
Realized Profit / Loss ($220) or - 22%
