Stock / Symbol: SPDR Dow Jones Industrial Average / DIA
Option Strategy: [private_monthly]double calendar[/private_monthly];
Trade entry date / price: Oct 22nd / $171.76
Price a this adjustment: $173.05
Adjustment: selling another put against the position. After this adjustment, the Greeks will be: -12.7 delta, 4.2 theta, and 12.3 vega
Trade Adjustment Details:[private_monthly]
STO -1 DIA Nov15 168 put
for a min credit of $0.54 per contract (GTC order, limit order). The current mid is $0.57.
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Max Risk: $120 (Adjusted down from $385)
Max Reward: $235 or 195% (at current volatility) [private_monthly]at $168 by Nov 20th
Profit Range: $164 to $172.25 by Nov 20th
Suggested Upside stop: NA
Suggested Downside stop: @ $168
[/private_monthly]
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