This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Twitter / TWTR
Strategy: Vertical Put Spread
Trade post date: 20 Jul 2022 / $39.70
Price at this post: $41.82
Update / Reasoning: With TWTR holding pretty firm at the $40 level, and with the net Theta 2x as negative as it was on entry, I'm entering a closing order to exit the trade for a small gain. The current net position Greeks on this Diagonal Put Spread are currently: -12.5 Delta, 0.8 Gamma, -1.8 Theta, and 2.9 Vega.
Trade Exit Order:
STC 1 TWTR 16Dec22 30 put
BTC 1 TWTR 16Dec22 20 put
For a min net credit of $2.25 per contract (GTC order, limit order). The mid is currently at a credit of $1.99. was filled yesterday at $2.37
Analysis:
Max Risk: $215
Max Reward: $785 or 340% with TWTR at/under $20 on Dec 16th
Profit Range: TWTR below $27.75 on Dec 16th
Commission (round trip): $2.60
Realized Profit / Loss: $22 or 10% (pre commission)
