This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Advanced Micro Devices / AMD
Option Strategy: Butterfly Put Spread
Trade post date: 11 Jun 2020
Price at this post: $53.50
Update: Entering in our trade order now to attempt to capture a profit with AMD trading near $54.
Closing Trade Details:
STC 1 AMD 12Jun20 55 put
BTC 2 AMD 12Jun20 54 puts
STC 1 AMD 12Jun20 53 put
For a min net credit of $0.35 per contract (day order, limit order). The mid is currently at a credit of $0.29
Requirements:
Max Cost/Proceeds: $15
Option Requirement: $15
Max Total Requirements: $15
Analysis:
Max Risk: $15
Max Reward: $75 or 500% with AMD trading at $544 on Jun 12th
Profit Range: AMD between $53.25 and $54.75 on Jun 12th
Estimated Commission (round trip): $12
Estimated Profit / Loss upon fill: $24 or 218% (pre-commission)
