Trade Adjustment : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA

Option Strategy: [private_monthly]double diagonal[/private_monthly];
Trade entry date / price: 29 Feb / $166.44
Price at trade post: $175.55

Reasoning: The call leg of this trade is ITM. Closing it out now. We'll look to add to this position early next week.

Trade Adjustment Details:[private_monthly]

STC 1 DIA Marwk4 173 call
BTC -1 DIA Mar16 172 call
at the market

Max Risk: $108
Max Reward: $110 or 101% (at current volatility) [private_monthly] at $160 by Mar 18th[/private_monthly]
Profit Range: $157.75 to $173 by Mar 18th
Suggested Upside stop: NA
Suggested Downside stop: @ $158

Non-members, click here for access

Positive Theta