Stock / Symbol: Constellation Energy / CEG
Strategy: Bear Call Spread
Trade entry date / price: 06 Mar 2024 / $164.50
Price at this post: $172.50
Update: Upside stop of $172 triggered. Closing position here to limit losses.
Trade Exit Order:
BTC 1 CEG 17May24 170 call
STC 1 CEG 17May24 175 call
For a max net debit of $2.60 per contract (GTC order, limit order). The mid is currently at a debit of $2.60. I was just filled at $2.55
Analysis:
My Max Risk: $315
Max Reward: $185 or 58% with CEG under $170 by May 17th
Profit Range: CEG under $171.50 by May 17th
Estimated Commission (round trip): $2.60
Upside Stop: $172
Realized Profit / Loss: ($70) or - 22% (pre commission)
