This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Twilio / TWLO
Strategy: Bear Call Spread
Trade post date: 16 Feb 2023
Price at this post: $72.90
Reasoning: With TWLO trading under $74, the position has already reached my 10% profit target. Taking profits here.
Trade Exit Order:
BTC 1 TWLO 21Apr23 90 call
STC 1 TWLO 21Apr23 95 call
For a min net debit of $0.75 per contract (day order, limit order). The mid is currently at a debit of $0.68. I was just filled at $0.70
Analysis:
My Max Risk: $380
Max Reward: $120 or 31% with TWLO under $90 on Apr 21st
Profit Range: TWLO at / under $91 on Apr 21st
Commission (round trip): $2.60
Upside stop @ $90
Realized Profit / Loss: $50 or 13% (pre commission)
