Stock / Symbol: Canopy Growth Corp / CGC
Strategy: Diagonal Call Spread + Bull Put spread
Trade entry date / price: 18 Apr 2021 / $27.80
Price at this post: $2.61
Update / Reasoning: Finally putting this disaster of a trade to bed. Closing out the Bull Put spread and just letting the long calls expire worthless.
Trade exit order:
BTC 3 20Jan23 7.5 puts
STC 3 20Jan23 5 puts
For a max net debit of $2.50 per contract (GTC order, limit order). The mid is currently at a debit of $2.51. I have not yet been filled.
Max Risk: $2,150
Max Reward: unlimited with CGC over $22 by 20 Jan 2023
Profit Range: CGC at/over $22 by 20 Jan 2023
Commission (round trip): $35
Realized Profit / Loss: ($1,955) or - 91% (pre commissions)
