Stock / Symbol: Delta Airlines / DAL
Strategy: Bear Call Spread
Trade post date: 19 Oct 2022 / $32.50
Price at this post: $32.75
Update: My standing order to exit the position for a debit of $0.40 was filled yesterday, with DAL trading down around $31.50.
Trade Exit Order:
BTC 1 DAL 16Dec22 36 call
STC 1 DAL 16Dec22 41 call
For a min net credit of $0.40 per contract (GTC order, limit order). The mid is currently at a debit of $0.70. I was filled at $0.40 on Nov 3rd.
Analysis:
My Max Risk: $413
My Max Reward: $87or 21% with DAL under $36 on Dec 16th
Profit Range: DAL at / under between $36.80 on Dec 16th
Estimated Commission (round trip): $2.60
Upside stop @ $35.80
Realized Profit / Loss: $47 or 11.4% (pre commission)
