Stock / Symbol: Honeywell International / HON
Strategy: Diagonal Put Spread
Trade exit date / price: 29 Nov 2022 / $217.00
Price at this post: $213.45
Update: With HON looking fairly strong on a down day for the market, I'm exiting the trade now for a lower profit than I wanted. But hey, it's still a win.
Adjusted Exit Order:
STC 1 HON 20Jan23 210 put
BTC 1 HON 16Dec22 205 put
For a min net credit of $3.90 per contract (GTC order, limit order). The mid is currently at a credit of $3.95. I was just filled at $3.95
Analysis:
My Max Risk: $345
My Max Reward: $500 or 145% with HON at $205 on Dec 16th
Profit Range: HOV below $216 at market close on Dec 16th
Estimated Commission (round trip): $2.60
Upside stop @ $221
Realized Profit / Loss: $50 / 14.5% (pre commission)
