Stock / Symbol: SPDR S&P 500 ETF / SPY
Option Strategy: [private_monthly]Double Calendar[/private_monthly];
Trade entry date / price: 31 Mar / $207.20
Price at this post: $211.54
Reasoning: In hindsight, I was wrong to take off the call portion of this trade. Going to close out the remaining puts, lick my wounds, and re-group.
Closing Trade Details:[private_monthly]
STC 2 SPY Jun15 201 puts
for a minimum net credit of $1.50 per contract (day order, limit order). The mid is currently at $1.56
Max Risk: $670 (down from $1140)
Max Reward: unlimited
Profit Range: $0 to $197.50 by Jun 20th
Suggested Upside stop: NA
Suggested Downside stop: NA
Realized Profit / Loss upon fill: ($360) pre-commission
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