This post is restricted to paying members. To follow are active trade details:
Stock / Symbol: Oracle / ORCL
Strategy: Bear Call Spread
Trade post date: 13 Jun 2023 / $119.08
Price at this post: $118.75
Update/Reasoning: Taking advantage of today's down market and closing this trade out for a win.
Trade Exit Order:
BTC 2 ORCL 15Sep232 130 call
STC 2 ORCL 18Aug23 135 call
For a max net credit of $0.87 per contract set (GTC order, limit order). The mid is currently at a debit of $0.87. I was just filled at $0.87
Analysis:
My Max Risk: $860
My Max Reward: $140 or 16% with ORCL under $130 by Sep 15th
Profit Range: ORCL under $131 by Sep 15th
Estimated Commission (round trip): $5.20
Revised Upside Stop: $130
Realized Profit / Loss: $62 or 7.2% (pre commissions)
