This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: SPDR Discretionary ETF / XLY
Strategy: Diagonal Put Spread
Trade post date: 19 Jan 2023 / $135.55
Price at this post: $145.50
Update / Reasoning: With XLY gapping up today and the chart indicating a technical support point at $143, I'm going to exit the trade here for a loss. With the short put expiring worthless last Friday, only the long put needs to be closed out.
Trade Exit Order:
STC 1 16Jun23 145 put
For a min net credit of $7.25 per contract (GTC order, limit order). The mid is currently at a credit of $7.30. I was just filled at $7.30
Analysis:
Adjusted Max Risk: $900
My Max Reward: NA
Profit Range: XLY under $136 by June 16th
Commission (round trip): $5.85
Realized Profit / Loss: ($118) or -13% (pre commission)
