Stock / Symbol: Electronic Arts / EA
Strategy: Bull Put Spread
Trade post date: 08 Feb 2023 / $113.35
Price at this post: $118.02
Update / Reasoning: Profit target level reached. I'm entering in a GTC exit order now. The current position Greeks are: 5.5 Delta, -0.5 Gamma, 0.4 Theta, and -3.3 Vega.
Trade Entry Order:
BTC 1 EA 16Jun23 105 put
STC 1 EA 16Jun23 100 put
For a max net debit of $0.55 per contract (GTC order, limit order). The mid is currently at a debit of $0.53.
Analysis:
My Max Risk: $393
My Max Reward: $107 or 27% with EA over $105 by Jun 16th
Profit Range: EA over $104 by Jun 16th
Estimated Commission (round trip): $2.60
Downside Stop: $103.95
Anticipated Profit / Loss upon fill: $52 or 13.2% (pre commission)
