This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: MNDY / Monday.com
Strategy: Bull Put Spread
Trade post date: 27 Feb 2023 / $158.25
Price at this post: $143.00
Update / Reasoning: Price stop triggered. Closing position here for a loss.
Trade Exit Order:
BTC 1 MNDY 21Apr23 140 put
STC 1 MNDY 21Apr23 135 put
For a max net debit of $2.30 per contract (GTC order, limit order). The mid is currently at a debit of $2.30. I was just filled at $2.20.
Analysis:
My Max Risk: $360
My Max Reward: $140 or 38% with MNDY over $140 by Apr 21st
Profit Range: MNDY over $140 by Apr 21st
Estimated Commission (round trip): $2.60
Downside Stop: $145
Realized Profit / Loss: ($80) or -22% (pre commission)
