Stock / Symbol: PowerShares QQQ / QQQ
Option Strategy: [private_monthly]Double Calendar[/private_monthly]
Price at trade post: $107.01
The Trade: Putting on a [private_monthly]double calendar[/private_monthly] on QQQ. This trade's greeks are: 4.9 Delta, 3.2 Theta, and 30 Vega.
Trade Details:[private_monthly]
BTO 1 QQQ Jul 110 call
STO -1 QQQ May 110 call
BTO 1 QQQ Jul 104 put
STO -1 QQQ May 104 put
for a max net debit of $3.25 per contract (GTC order, limit order). The mid is currently at $3.15. Try for the mid +.02.
Cost/Proceeds: $325
Option Requirement: $0
Total Requirements: $325
Estimated Commission: $6
[/private_monthly]
Max Risk: $325
Max Reward: $50 or 15% at [/private_monthly]$104 (at current volatility)[/private_monthly] by May 15
Profit Range: [/private_monthly]$103 to $99.30 & $102.75 to $110.50- [/private_monthly]by May 15
Suggested Upside stop: @ $111
Suggested Downside stop: @ $103.50
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